Commercial Intent definition
Commercial Intent means there is a motivation to make a financial profit or is revenue generating
Examples of Commercial Intent in a sentence
Within the scope of this Agreement, Commercial Intent is indicated by actions such as filing a patent application, obtaining intellectual property rights or other tangible or intangible rights; or the transfer of the Genetic Resources to a for-profit organisation.
Option 6.2 The Provider herewith consents to the Utilisation with Commercial Intent and the Commercialisation of the product resulting from the Utilisation of the Genetic Resources.
Option 14.4 If the Provider intends to pursue a potential commercialisation of an unforeseen discovery, this is subject to negotiations between the Provider and the User according to Articles 5 and 6 (Commercial Intent and Commercialisation) and Article 7 (Intellectual Property Rights).