Common use of Patentability Clause in Contracts

Patentability. LICENSEE acknowledges and agrees that the Licensed Technology is provided “AS IS” and it has and shall continue to rely exclusively upon its own diligent inquiries and assessments of the patentability of the Licensed Invention, the freedom to operate analysis for the Licensed Technology and the Licensed Products, and to determine the commercial potential thereof.

Appears in 2 contracts

Sources: Joint Venture and License Agreement (Asep Medical Holdings Inc.), Joint Venture and License Agreement (Asep Medical Holdings Inc.)