Examples of Shared Intellectual Property in a sentence
Each of the Sellers, GM Buyer and Company Buyer agree that it will not transfer or assign its rights to the Shared Intellectual Property to any third party unless such third party: (i) is informed of and agrees to accept such transfer or assignment subject to the license granted herein; and (ii) agrees that any subsequent transfer or assignment will be subject to a similar restriction on future transfers and assignments.
Subject to the terms and conditions of this Agreement, Bioverativ hereby grants to Biogen a perpetual, worldwide, non-exclusive, royalty-free, fully paid-up license in and to the Bioverativ Shared Intellectual Property for any use in the Biogen Field.
In the event that the Parties identify after the Transferred Interest Closing Date any Shared Intellectual Property that is not owned by the CEG IP Parties, the CEG IP Parties agree, upon receipt of written notice from EDF or UNE, to use commercially reasonable efforts to seek access for UNE to use such Shared Intellectual Property on the same terms as UNE used such Shared Intellectual Property before the Transferred Interest Closing Date.
Subject to the terms and conditions of this Agreement, Biogen hereby grants to Bioverativ a perpetual, worldwide, non-exclusive, royalty-free, fully paid-up license to the Biogen Shared Intellectual Property for any use in the Bioverativ Field.
However, this increased production only worsens the already problematic market situation and feeds into a further downward spiral in terms of prices.