Background Rights definition
Examples of Background Rights in a sentence
Background Rights are and shall remain the sole property of each respective Party.
If Seller’s Background Rights are incorporated into the Products or Services or required to use, make, have made, repair, have repaired or reconstruct the Products or Services, Seller shall grant and hereby grants Buyer and its Affiliates a perpetual, global, fully paid, non-exclusive license to Seller’s Background Rights, which shall include without limitation the use by Buyer for series production as well as by third parties on behalf of Buyer.
The Parties acknowledge and agree that all Background Rights will remain vested in, and remain the property of, that Party or its third party licensors, as appropriate.
Such Inventions and patents and patent applications claiming such Inventions are included in this agreement with the same rights and privileges as Background Rights.
Notwithstanding the foregoing, to the extent TerreStar Background Rights consist of third party Intellectual Property Rights, such license shall be subject to any additional restrictions, conditions and third party license fees required or imposed by such third party.