Examples of Subject Patents in a sentence
Nothing in this Agreement shall be construed as a warranty or representation by MercExchange as to the validity or scope of the Subject Patents or that the exercise of the license rights under the Subject Patents will not infringe upon the rights of any Third Party.
The term of this Agreement shall commence on the Effective Date and shall continue in full force and effect until the later of (a) expiration, revocation or invalidation of the last patent within the Subject Patents and (b) abandonment of the last patent application within the Subject Patents.
Neither Party shall assign any of the Subject Patents without making such assignment subject to the terms of this Agreement, including, without limitation, by requiring the assignee and its Affiliates to be bound by Section 3 of this Agreement as a licensor and Grantor.
If unanimously approved, the owning ACADEMIC MEMBER(S) will then enter into negotiations for an exclusive, royalty-bearing license for a defined field of use with such IPM regarding the Subject Patent(s).
All licenses granted in Section 1.1(a)(i) are intended to and shall run with the Subject Patents to which they pertain for the full duration of such Subject Patents.