IPCo Clause Samples
The IPCo clause establishes the rights and responsibilities related to intellectual property (IP) ownership, use, and management between the parties. Typically, it clarifies which party retains ownership of pre-existing IP, how new IP created during the relationship will be handled, and the scope of any licenses granted for use of such IP. This clause is essential for preventing disputes over IP rights, ensuring both parties understand their entitlements and obligations regarding intellectual property developed or used under the agreement.
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IPCo. On or prior to the Effective Time, JMY and JT shall cause IPCo to amend its organizational documents substantially in the form of Exhibit F. By the Effective Time, JMY and JT shall cause a designee of Yahoo! and a designee of Softbank to each have been appointed to the board of directors of IPCo, such that the only directors of IPCo as of the Effective Time are a designee of Yahoo!, a designee of Softbank, JMY and JT.
IPCo. SPV Limited (company number 6854770), one of the Subsidiaries; the deed in the agreed form to be executed by TopFinCo on completion constituting the Loan Notes; the £2,600,000 guaranteed and secured loan notes to be created by TopFinCo and constituted by the Loan Note Instrument; Famenco Limited (company number 6768259) one of the Subsidiaries; the completion of the exercise of the Call Option as described in clause 8; a Shareholder which holds any Option Shares at the relevant time; all of the Shares held by:-