Examples of Acquired IP in a sentence
The Acquired IP shall include, without limitation, the Intellectual Property identified in Schedule 3.13 and any Acquired IP that is identified in Schedule 2.1.3. In the event of any such Intellectual Property owned by Principals, Principals shall, for the consideration set forth herein, at the Closing, sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Principals, all such Intellectual Property related to the Business and held in the name of the Principals.
Sellers hereby agrees to assist in the enforcement of Acquired IP against third parties by, for example, making employees available for reasonable discovery at Buyer’s expense.
This Agreement or any part thereof may only be waived, amended, modified, superseded, canceled, renewed or extended by a written instrument signed by the parties (or, in the case of a waiver, signed by the party waiving compliance).
Sellers shall use their reasonable best efforts to maintain the confidentiality of all computer code, documentation, and other work product related to the Acquired IP.
Acquired IP rights are reflected as capital assets, unless these rights are held for trading (which is usually not the case in India).