Seller Intellectual Property definition

Seller Intellectual Property means the Seller Owned Intellectual Property and the Seller Licensed Intellectual Property.

Seller Intellectual Property means any Intellectual Property that: (i) is owned by or exclusively licensed to each Seller and is in any way used in, useful to and/or related to the Business or the Acquired Assets, or (ii) which is necessary to the operation of the Business as it is currently operated or is reasonably anticipated to be operated in the future.

Seller Intellectual Property means any and all Intellectual Property owned (or purported to be owned), in whole or in part, by any Seller, which includes but is not limited to the VFI Software for traceability and testing.

Examples of Seller Intellectual Property in a sentence

• Seller hereby grants to Buyer a nonexclusive, worldwide, irrevocable, paid-up, royalty-free right to make, use, sell, import, execute, modify, reproduce, perform, display, release, distribute, or disclose the Seller Intellectual Property, in whole or in part, in any manner and form, and to have or authorize others to do so, solely for the purpose of performing prime or higher-tier contract obligations in connection with this Order.

• Seller shall also deliver to Buyer the Seller Intellectual Property, including all technical data and commercial computer software, solely to the extent necessary for Buyer to perform the requirements of its prime or higher-tier contracts and/or complete its own and Seller’s obligations in connection with this Order.

• Without derogating from the forgoing, Purchaser shall sign all instruments required in order to cancel any pledge or other security interest registered upon or otherwise applicable to OIS shares owned by Seller and/or any Seller Intellectual Property or other assets, as security for repayment of such indebtedness, all of which shall be deemed terminated and discharged as of the Closing.

• Buyer shall have no claim to, nor ownership interest in, any Seller Intellectual Property and any such Seller Intellectual Property, in whatever form and any copies thereof (including but not limited to product samples), shall be promptly returned to Seller upon written request from Seller.

• There is no outstanding Action or Order challenging or adversely affecting the validity or enforceability of any material Seller Registered IP, or Seller’s ownership of or rights in any material Seller Intellectual Property.

More Definitions of Seller Intellectual Property

Seller Intellectual Property shall have the meaning set forth in Section 3.7(a).

Seller Intellectual Property has the meaning set forth in Section 2.1(e).

Seller Intellectual Property means any Intellectual Property that is owned by, or exclusively licensed to, Seller, including software and software programs developed by or exclusively licensed to Seller (specifically excluding any off the shelf or shrink-wrap software).

Seller Intellectual Property has the meaning set forth in Section 5.1.4.

Seller Intellectual Property means all Intellectual Property that is currently used in the Business or that is necessary to conduct the Business as presently conducted.

Seller Intellectual Property has the meaning set forth in Section 4.27(d).

Seller Intellectual Property means any Seller information, in any form, that includes trade secrets, copyrights, inventions, patents, discoveries, know-how, samples, techniques, specifications, drawings, designs, design concepts, manuals, processes and testing methodology, which existed prior to or is created independent of the performance of the Contract. Seller Intellectual Property shall not include any Buyer data or Buyer Confidential Information.