Excluded Assets; No Implied Licenses Sample Clauses


Excluded Assets; No Implied Licenses. Notwithstanding anything herein to the contrary, any billed or unbilled receivables owed to CGI under the Out-Licenses or the SALK Agreement that have accrued or are due before the Effective Date are specifically excluded from the assets transferred to GBP hereunder and such receivables shall be payable by the applicable party to CGI. Nothing contained in this Agreement shall be construed as conferring (i) any ownership rights to any Intellectual Property Rights, Technology or any other assets (whether tangible or intangible) owned or controlled by CGI other than those expressly transferred under Article II of this Agreement, or (ii) any license rights, by implication, estoppel or otherwise, under any Intellectual Property Rights owned or controlled by CGI, other than as expressly transferred or granted in Article II of this Agreement.