Common use of Licensee Technology Clause in Contracts

Licensee Technology. Licensee represents and warrants in recognition of mutual benefits to be derived by Licensee, Licensor and the TDP's that is shall grant to the Licensor a nonexclusive, royalty free license, with the right to sublicense, to make, use, and sell outside the Field of License any License made improvement or enhancement to the fingerprint card that is the Licensed product of this Agreement. With regard to technology developed by Licensee, Licensee represents and warrants that it shall have the sole and exclusive right to grant the license to manufacture, use, sell, and otherwise transfer Licensee's Technology relating to the System to Licensor. It is understood and agreed that the nonexclusive, royalty free license to Licensor under this Article 7.

Appears in 1 contract

Sources: License Agreement (Id Technologies Corp)

Licensee Technology. Licensee represents and warrants in recognition of mutual benefits to be derived by Licensee, Licensor and the TDP's TDPs that is it shall grant to the Licensor a nonexclusive, royalty free license, with the right to sublicense, to make, use, and sell outside the Field of License any License Licensee made improvement or enhancement to the fingerprint card that is the Licensed product of this Agreement. With regard to technology developed by Licensee, Licensee represents and warrants that it shall have the sole and exclusive right to grant the license to manufacture, use, sell, and otherwise transfer Licensee's Technology relating to the System to Licensor. It is understood and agreed that the nonexclusive, royalty free license to Licensor under this Article 7.

Appears in 1 contract

Sources: License Agreement (Id Technologies Corp)