Supplier Background IP definition
Examples of Supplier Background IP in a sentence
The Supplier indemnifies the Purchaser from and against all Claims, liability, loss, damages, costs and expenses (including legal cost) arising out of or in connection with any Claim by a third party that the Project IP, the Supplier Background IP and any use of either of them by or on behalf of the Purchaser infringes the IP Rights of a third party.
The Supplier grants to Steel Diamond and Steel Diamond's Personnel a non-exclusive, transferrable, royalty-free, irrevocable, sublicensable and perpetual licence (or if the IP is licensed to the Supplier, a sublicence) to use, adapt, modify or copy all Supplier Background IP to the extent necessary to enjoy the full benefit of the Goods, Services, Deliverables and Agreement IP.
The Client acknowledges that the Supplier Background IP is Confidential Information of the Supplier.
The Supplier represents and warrants that except for amounts included in the Purchase Price, no royalties or other payments are due or payable by the Purchaser to the Supplier or any other person in respect of the Project IP or the Supplier Background IP.
The parties acknowledge and agree that all Product Inventions and all Intellectual Property Rights therein, excluding the Supplier Background IP shall be solely owned by Customer.