Common use of Licensor Technology Clause in Contracts

Licensor Technology. a. The Licensor warrants that it is the sole and exclusive owner of all right, title and interest in Letters Patent of the United States, No. 5,623.552 dated April 22, 1997, and entitled "Self Authenticating Identification Card With Fingerprint Identification," and has the sole and exclusive right to grant licenses to others to manufacture, use, and sell, products covered by the patent, and further warranties that it has the right to license the System to Licensee pursuant to the terms of this Agreement. b. Licensor also warrants that it has obtained from IRE a non-exclusive license in the Field of License to receive IRE Technology and use and practice IRE's present and future IRE inventions and patent(s) for the full terms thereof to the full extent to which they pertain to the subject matter described and claimed in the 552 Patent and has further obtained from IRE the right to sublicense such IRE Technology in said Field of License to the Licensee, and that such IRE Technology is covered by the royalty rate identified in Article 9.1. c. Licensor fully warrants and shall warrant throughout the terms of this Agreement that it has fully unrestricted right to grant to Licensee the rights granted in Article 2.0, including without limitation the right to grant a license to make, use, sell, sub-license, or otherwise transfer the TDP Technology which is or shall be incorporated into the System.

Licensor Technology. a. The Licensor warrants that it is the sole and exclusive owner of all right, title and interest in Letters Patent of the United States, No. 5,623.552 dated April 22, 1997, and entitled "Self Authenticating Identification Card With Fingerprint Identification," and has the sole and exclusive right to grant licenses to others to manufacture, use, and sell, products covered by the patent, and further warranties that it has the right to license the System to Licensee pursuant to the terms of this Agreement. b. Licensor also warrants that it is has obtained from IRE a non-exclusive license in the Field of License to receive Receive IRE Technology and use and practice IRE's present and future IRE inventions and patent(s) for the full terms thereof to the full extent to which they pertain to the subject matter described and claimed in the 552 Patent and has further obtained from IRE the right to sublicense such IRE Technology in said Field of License to the Licensee, and that such IRE Technology is covered by the royalty rate identified in Article 9.19.3. c. Licensor fully warrants and shall warrant throughout the terms of this Agreement that it has fully unrestricted right to grant to Licensee the rights granted in Article 2.0, including without limitation the right to grant a license to make, use, sell, sub-license, or otherwise transfer the TDP Technology which is or shall be incorporated into the System.