Commercial IP definition
Examples of Commercial IP in a sentence
The Company is not subject to any judicial decree, order, judgment, stipulation, or agreement with a third party restricting in any manner the ownership, use, sale, or licensing of the Intellectual Property or any products or service utilizing the Intellectual Property (other than pursuant to license agreements listed in Seller's Disclosure Schedule and standard licenses of Commercial IP).
The Parties do not contemplate OCD, its Affiliates, Sub-Licensees or Sub-Distributors generating any significant level of Intellectual Property Rights relating to the Product, with the exception of the results of OCD Software Contribution, Commercial IP and some level of Confidential Information.
Termination of exclusivity of the License as a result of the events described in Section 6.B. above or upon payment of the Exclusivity Buy-out Fee described in Section 6.C. above, shall in no way alter, modify or otherwise abrogate the exclusivity in favor of BTL, of the Commercial IP License.
Company has secured from all parties who have created any portion of, or otherwise have any rights in or to, Company Intellectual Property (other than intellectual property described in the Commercial IP Exception) valid and enforceable written assignments of any such work or other rights to Company and has provided true and complete copies of such assignments to Purchaser.
If the Parties are unable to agree a satisfactory resolution of the alleged breach within 20 Business Days of receipt by the Industry Party of MPI’s notice, then subject to clause 16 MPI shall be deemed to have been granted from the date of its notice to the Industry Party a non-exclusive, perpetual, irrevocable, royalty free licence to the Commercial IP (including the right to Commercialise the Commercial IP) and the Non-Commercialised IP.
The Industry Party has the exclusive right to Commercialise Commercial IP during the Exclusive Period.
The Administering Institution acknowledges and agrees that the obligations in this clause 16 continue after the Term and that in consideration of NBCF providing the Funding, NBCF may benefit from the commercialising of Commercial IP.
The Grantee agrees to consult with CORE in relation to, and keep CORE informed of, such endeavours in the event that, pursuant to clause 8.2, CORE exercises its discretion to participate in commercialisation of any Commercial IP.
The Administering Institution acknowledges and agrees that, as a publicly funded body, NBCF funds the Project with the intention that where Project IP has potential commercial application (Commercial IP), that Commercial IP will be developed and made accessible to the public, and for the benefit of public health, at a reasonable cost and not in a manner which is unduly restrictive or prevents further research and development towards the treatment of, or a cure for, breast cancer.