Examples of Seller Licensed IP in a sentence
The certification set forth below is being submitted in connection with the Annual Report of International Paper Company (the “Company”) on Form 10-K for the period ended December 31, 2012 for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Section 1350 of Chapter 63 of Title 18 of the United States Code.
Notwithstanding the foregoing, any confidentiality provisions in the Intellectual Property License Agreement shall supercede the provisions of the Confidentiality Agreement with respect to the Seller Licensed IP that is the subject of such Intellectual Property License Agreement.
New scientific theories often lead to a revision of concepts such as the recent change in the definition of ‘planet’.
Effective as of the Closing, and subject to the provisions hereof, Seller and the Seller Subsidiaries hereby grant, and agree to grant, to Purchaser and its Subsidiaries a worldwide, irrevocable, perpetual, non-exclusive, fully paid-up, transferable, and sublicensable (subject to Section 5.22(c)) license in, to and under the Seller Licensed IP to use and exploit the same in connection with the current and future operation of the Business in any field.
For clarity, this license covers any Seller Licensed IP in existence as of the Closing Date, but does not cover any Intellectual Property that arises, is created or acquired after the Closing Date.