VP9 Products definition
Examples of VP9 Products in a sentence
Licensee desires to settle any dispute with Licensor with respect to infringement of the VP9 Patents and such settlement and license shall cover the past and future use of the VP9 Patents in VP9 Products until the end of the Term.
For further clarity: Rights granted to Licensee with respect to VP9 Products, for which Licensee has paid Compensation until the termination becomes effective, will remain covered by the respective grant of rights, however, VP9 Products not covered by the Compensation at this stage will be unlicensed as of the effective date of the termination.
In case the Committed Volume Discount Scheme applies, the release and license under this VP9 Agreement is limited to the number of units of VP9 Products as provided for in the relevant Committed Volume, however, the Standard Rate and/or Compliant Rate applies for units exceeding the Committed Volume.
Affiliates shall keep and maintain accurate and detailed books and records in paper or electronic form including, but not limited to, all books and records related to the organization chart showing the relationship of Licensee and all Licensee Affiliates and all production, purchases, stocks, deliveries, technical specifications of all products, and sales records related to VP9 Products (all books and records collectively referred to as “Necessary Records”).
In such case, Licensee would subscribe in writing to a pre-defined number of units of VP9 Products within a certain commitment level for Consumer Display Devices and a pre-defined number of units of VP9 Products within a certain commitment level for Consumer Non-Display Devices as per Attachment VP9-B and Licensor would confirm such commitment in writing so it would become binding upon the Parties (“Committed Volume”).
In such event, Licensee, on behalf of itself and its Licensee Affiliates, represents and warrants that at the time of said termination of this Agreement, Licensee and Licensee Affiliates shall immediately cease to Make and/or Sell VP9 Products unless Licensee and/or Licensee Affiliates have otherwise acquired separate licenses under the VP9 Patents.
Necessary Records pertaining to a particular royalty reporting period, including Necessary Records relating to the Making and/or Selling of any VP9 Products, shall be maintained for five (5) years after the expiry of the Term.
In the event that this Agreement expires, Licensee hereby, on behalf of itself and its Licensee Affiliates, represents and warrants that as of the date on which this Agreement expired, Licensee and Licensee Affiliates shall immediately cease to Make and/or Sell VP9 Products, unless Licensee and its Licensee Affiliates has/have otherwise acquired separate licenses under the VP9 Patents.
For the avoidance of doubt and without limitation to the foregoing, Licensee is prohibited to Sell, use, Make, export or re-export, directly or indirectly, any VP9 Products from any place to the countries specified in EU Regulations 833/2014, 765/2006, 269/2014, and 2024/1745 and any amendments thereto.
In the event that this Agreement is terminated by Licensor, Licensee, on behalf of itself and its Licensee Affiliates, represents and warrants that at the time of said termination of this Agreement, Licensee and Licensee Affiliates shall immediately cease to Make and/or Sell VP9 Products unless Licensee and/or Licensee Affiliates have otherwise acquired separate licenses under the VP9 Patents.