CROSS-LICENSING. If after the Effective Date of this IP Agreement, either party reasonably determines it has a business need to copy, use or distribute the Works of the other party, then the parties will cooperate with one another to put in place a commercially reasonable royalty-free, perpetual license agreement permitting such use of the Work within the fields of use of the applicable party.
Appears in 4 contracts
Sources: Intellectual Property Matters Agreement, Intellectual Property Matters Agreement (Manitowoc Foodservice, Inc.), Intellectual Property Matters Agreement (Manitowoc Co Inc)
CROSS-LICENSING. If after the Effective Date of this IP Agreement, either party reasonably determines it has a business need to copy, use or distribute the Works of the other party, then the parties will cooperate with one another to put in place a commercially reasonable royalty-royalty free, perpetual license agreement permitting such use of the Work within the fields of use of the applicable party.
Appears in 1 contract
Sources: Intellectual Property Matters Agreement (Manitowoc Foodservice, Inc.)
CROSS-LICENSING. If after the Effective Date of this IP Agreement, either it is determined that one party reasonably determines it has does in fact have a reasonable, business need to copy, use or distribute practice the Works patented invention of the other party, then the parties will agree to cooperate with one another to put in place a commercially reasonable royalty-royalty free, perpetual perpetual, worldwide license agreement permitting such use of the Work patented innovation within the fields of use of the applicable licensing party.
Appears in 1 contract
Sources: Intellectual Property Matters Agreement (Manitowoc Foodservice, Inc.)