Non Development Sample Clauses
The Non Development clause restricts certain parties from engaging in development activities related to a specific property, asset, or intellectual property. Typically, this clause outlines what constitutes 'development,' such as construction, modification, or enhancement, and specifies the duration and scope of the restriction. Its core practical function is to prevent unauthorized or undesired changes, ensuring that the property or asset remains in its agreed-upon state and mitigating risks associated with unapproved development.
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Non Development. The Parties shall not Develop or Commercialize the Licensed Product outside the Field in the Territory.
Non Development. U2U covenants not to, directly or indirectly, during the term of this Agreement, develop Products and LCRR equivalent to, or which compete directly with, EBI's line of IP (Internet Protocol)
Non Development. Except as provided hereunder for the benefit of Verichip, Receptors shall not, during the Term of or for ten (10) years thereafter, directly or indirectly, sell, license, lease, create, design, develop, fund or assist in the sale, license, creation, design, or development or funding of the Product (or future products based on an in vivo glucose sensing device for use in humans) or other human in vivo glucose sensing product or system.
Non Development. Except as provided hereunder for the benefit of PositiveID, Receptors shall not, during the Term of or for ten (10) years thereafter, directly or indirectly, sell, license, lease, create, design, develop, fund or assist in the sale, license, creation, design, or development or funding of the Product (or future products based on an in vivo glucose sensing device for use in humans or animals) or other in vivo glucose sensing products or systems to be used in humans or animals.
Non Development. 2.1 Notwithstanding anything to the contrary herein contained, it is agreed that ▇▇▇▇▇▇ shall reassign to Amoco, free of any burden or encumbrance created by through or under ▇▇▇▇▇▇, within two (2) years of the effective date hereof [NOTE, THIS PERIOD CANNOT EXTEND PAST AUGUST 31, 1998], all of the UPRC Lands excluding and excepting all acreage and depths included in: (a) each governmental Section or spacing unit if larger than a Section, on which there is then located a well capable of production in paying quantities; (b) each governmental Section any portion of which is pooled or unitized with lands on which there is then located a well that is capable of production in paying quantities; (c) each governmental Section all or a portion of which is fully committed to an approved Federal unit; and (d) each governmental Section in which drilling operations have been commenced and are thereafter diligently prosecuted in accordance with the applicable lease terms.
2.2 On or before June 1, 2005, ▇▇▇▇▇▇ shall execute and deliver to Amoco a reassignment of all UPRC Lands or portion thereof then held by ▇▇▇▇▇▇ or its successor(s) insofar and only insofar as said UPRC Lands or portion thereof cover those depths and formations lying deeper than one-hundred (100) feet below the stratigraphic equivalent of the deepest formation in the deepest thrust plate penetrated if applicable or in the event no thrust plate is penetrated, deeper than one-hundred (100) feet below the stratigraphic equivalent of the deepest formation from which a well located on the Section, or on lands pooled or unitized therewith, is producing or capable of production in quantities sufficient to pay the cost of producing operations attributable to such well and provide a positive cash flow.
Non Development