Purchased IP definition

Purchased IP shall have the meaning set forth in Section 2.01(c).

Purchased IP means all Patents and Know-How Controlled by any of the Sellers that are exclusively related to the Compound or any Product, including, without limitation, the Patents set forth on Schedule 1.1(a).

Purchased IP has the meaning given to it in Section 4.13(b).

Examples of Purchased IP in a sentence

• No Purchased IP is the subject of any pending or, to Novartis’s knowledge, threatened interference, opposition, cancellation, protest, litigation or other challenge or Action.

• Buyer shall have the right and obligation to maintain and diligently prosecute the Purchased IP at Buyer’s expense, except with respect to any Purchased IP Buyer plans to abandon and notifies Novartis of such plans.

• There are no agreements to which any Seller is a party pursuant to which any Seller has granted any Third Party any rights in and to any Purchased IP.

• The Sellers and their patent counsel have satisfied statutory requirements with respect to the filing, prosecution, and maintenance of all registered Purchased IP.

• Novartis shall have a right to assume responsibility for any Purchased IP that Buyer plans to abandon or otherwise cause or allow to be forfeited.

More Definitions of Purchased IP

Purchased IP means all Purchased Owned IP and Purchased Licensed IP.

Purchased IP means (a) all of the Intellectual Property owned by the Vendor in connection with the Business and (b) all licenses or similar agreements or arrangements to which the Vendor is a party, either as licensee or licensor, with respect to Intellectual Property necessary or desirable for the carrying on of the Business.

Purchased IP has the meaning set forth in Section 2.20.

Purchased IP shall have the meaning set forth in the Purchase Agreement.

Purchased IP means all Intellectual Property Rights owned or controlled by AMTRUST as of the Effective Date covering or related to the Purchased Technology.

Purchased IP means the CNS Intellectual Property that is primarily used in, and/or primarily relates to, the operations of the CNS Division, including without limitation the Unique Customer Software (as defined in the Customer Matters Agreement) and the Intellectual Property embodied therein.

Purchased IP means (a) any and all Intellectual Property included in the Purchased Assets, and (b) any and all in-licensed Intellectual Property under any contract or agreement included in the Purchased Assets to the extent a sublicense may be granted thereunder, in each case of (a) and (b) together with any and all Intellectual Property arising from prosecution or maintenance of such Intellectual Property. The Patent Rights included in the Purchased IP as of the Effective Date are set forth in Schedule 1.36.