Shop Rights definition

Shop Rights means a non-exclusive, non-revocable, royalty-free license to use an invention.
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Examples of Shop Rights in a sentence

  • In addition, any licenses to intellectual property granted by you to the Company, including those granted under Section 3.5 (Shop Rights), will continue indefinitely unless a written agreement signed by ModelCo’s legal counsel indicates a different end date.

  • Shop Rights; Non-Compete and other Surviving Provisions of Edwards' Employment Agreement.

Related to Shop Rights

  • Licensed IP Rights means, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • IP Rights has the meaning specified in Section 5.17.

  • Background Intellectual Property Rights means Intellectual Property Rights owned, controlled or furnished by either Party other than Foreground Intellectual Property Rights.

  • Licensed Intellectual Property Rights means all Intellectual Property Rights owned by a third party and licensed or sublicensed to either the Company or any of its Subsidiaries.