The Licensor and Licensee Sample Clauses
This clause defines the roles and responsibilities of the parties involved in a licensing agreement, specifically identifying the Licensor as the party granting rights and the Licensee as the party receiving those rights. It typically clarifies which party owns the intellectual property and which party is permitted to use it under specified conditions, such as for a particular purpose or within a certain territory. By clearly distinguishing the Licensor and Licensee, this clause ensures both parties understand their legal standing and obligations, thereby reducing the risk of disputes over rights and responsibilities.
The Licensor and Licensee warrant to each other as follows:
(a) Each corporate party is duly incorporated and subsisting under the laws of its place of incorporation or subsistence.
(b) Each party has the power to and is authorized to enter into this Agreement.
(c) The carrying out of this Agreement will not breach or interfere with any other agreement to which the respective party has entered into.
(d) Neither party will enter into another agreement the carrying out of which would interfere with the carrying out of this Agreement;
The Licensor and Licensee expressly acknowledge and agree that this Agreement is not, and was never intended to be, due to the circumstances as provided for herein, a Lease Agreement and is expressly not intended to be subject to the laws and regulations governing residential tenancies of Ontario. The parties acknowledge that this Licence Agreement grants only to the Licensor the right to temporarily use the municipal lands adjacent to the Licensee’s property, for a garage and driveway, due to limitations of space.