Common use of Licensor Ownership Clause in Contracts

Licensor Ownership. Licensee acknowledges that (i) nothing contained in this Agreement shall give to Licensee any right, title or interest in the Intellectual Property Rights, other than the express license granted in Section 1.1 of this Agreement and the rights (which are subject to such license) granted under Sections 7.2 and 7.3, and (ii) Licensee's use of the Intellectual Property Rights shall inure only to the benefit of Licensee and sublicensees permitted hereunder, if any.

Appears in 3 contracts

Sources: License Agreement (Faroudja Inc), License Agreement (Faroudja Inc), License Agreement (Faroudja Inc)