License and Procurement Sample Clauses
The LICENSE AND PROCUREMENT clause defines the terms under which a party is granted the right to use certain products, services, or intellectual property, and outlines the procedures for acquiring them. Typically, this clause specifies the scope of the license, any restrictions on use, and the steps required to purchase or obtain the licensed items, such as submitting purchase orders or meeting eligibility criteria. Its core practical function is to ensure both parties understand the rights granted and the process for obtaining the necessary licenses or products, thereby reducing misunderstandings and legal disputes over usage and procurement.
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License and Procurement. Pursuant to this Agreement, Licensor hereby grants to Licensee a nontransferable, non-exclusive (except as otherwise provided below) license to use the Application Software, together with all subsequent improvements thereto in the 37 Tier III Markets set forth on Exhibit C attached hereto, as such Exhibit C may be amended from time to time pursuant to this Agreement, and two (2) Tier IV Markets (collectively, the "Licensed Markets"). Licensee shall be permitted to replace a Licensed Market, other than the Current Markets (which are designated on Exhibit C with an asterisk), with another Market up to sixty (60) days prior to the scheduled installation of a System in such Licensed Market. In the event that Licensee so replaces a Tier III Market, Exhibit C shall be revised to reflect the change; and in the event that Licensee so replaces a Tier IV Market, Licensee shall give Licensor at least thirty (30) days' prior written notice thereof. Licensee also shall be permitted to add up to 13 Tier III Markets and up to 68 Tier IV Markets to the Licensed Markets on at least thirty (30) days' prior written notice thereof to Licensor, provided, that Licensee adds a minimum of thirty (30) Markets to the Licensed Markets on each occasion on which it adds Markets. Licensor also shall procure for Licensee the Designated Hardware from third party manufacturers, a list of which Licensor shall provide to Licensee. **[Confidential Treatment] indicates portions of this document that have been deleted from this document and have been seperately filed with the Securities and Exchange Commission.
License and Procurement