Examples of Seller IP Contract in a sentence
Seller IP Contract" shall mean any Contract to which the Seller is or was a party or by which the Seller is or was bound, that contains any assignment or license of, or any covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Seller IP or any Intellectual Property developed by, with or for the Seller.
Seller IP Contract" shall mean any Contract, in each case, primarily related to the Business, including, without limitation, End User Licenses, pursuant to which the Seller is or was a party or by which the Seller is or was bound, that contains any assignment or license of, or any covenant not to assert or enforce, any Intellectual Property Right within the Transferred Assets or any Intellectual Property within the Transferred Assets developed by, with or for the Seller.
The Seller has provided to the IP Purchaser a complete and accurate copy of each standard form of Seller IP Contract used by the Seller at any time, including each standard form of (a) employee agreement containing any assignment or license of Intellectual Property Rights; (b) consulting or independent contractor agreement containing any intellectual property assignment or license of Intellectual Property Rights; (c) services agreement; and (d) confidentiality or nondisclosure agreement.
Seller is not bound by, and no Transferred IP is subject to, any Seller IP Contract containing any covenant or other provision that in any way limits or restricts the ability of Seller to use, exploit, assert, or enforce any Transferred IP anywhere in the world.
Each such Seller IP Contract shall be deemed to be an Assumed Contract, regardless of whether or not specifically identified in Section 2.1(b) of the Disclosure Schedule.
The Seller has provided to the Purchaser a complete and accurate copy of each standard form of Seller IP Contract used by the Seller at any time since January 1, 2008, including each standard form of (i) employee agreement containing any assignment or license of Intellectual Property Rights; (ii) consulting or independent contractor agreement containing any intellectual property assignment or license of Intellectual Property Rights; and (iii) confidentiality or nondisclosure agreement.
Listed on Part 4.5(c) of the Disclosure Schedule are details regarding obligations of the Seller under any Business Contract or Seller IP Contract to repay or return any down payment, deposit, or prepayment, or to pay a rebate or make similar payments to customers or suppliers (in the case of suppliers, including penalties for failure to purchase capacity or failure to meet a certain threshold of purchases).
Each Seller IP Contract will continue to be in full force and effect in accordance with its terms immediately following the execution and performance of this Agreement.
The Seller has provided to the Purchaser a complete and accurate copy of each standard form of Seller IP Contract used by the Seller at any time since 2006, including each standard form of (a) employee agreement containing any assignment or license of Intellectual Property Rights; (b) consulting or independent contractor agreement containing any intellectual property assignment or license of Intellectual Property Rights; and (c) confidentiality or nondisclosure agreement.
Each Business Contract, Lease and Seller IP Contract is legal, valid, binding and enforceable against the Seller, and to the knowledge of the Seller and the Selling Shareholders, the other parties thereto, and in full force and effect.