Commercial Software Licenses definition
Examples of Commercial Software Licenses in a sentence
Other than with respect to the Licensed IP and the Commercial Software Licenses, no royalties or other amounts are required to be paid by the Corporation or any Subsidiary in connection with the continued use or exploitation by the Corporation or the Subsidiaries of the Business IP.
Section 5.1(d) of its respective Disclosure Letter sets forth a correct and complete list of its Contracts (other than Commercial Software Licenses, as defined in Section 5.1(l)) that are material to it and its Subsidiaries, taken as a whole, and pursuant to which the consent or waiver of a third party is or may be required to be obtained prior to consummation of the transactions contemplated by this Agreement in order to avoid a material breach or violation of, or default under, such Contracts.
The Owned IP existing as of the date hereof does not contain, embody or use, or require for its full and proper operation, any Intellectual Property or Technology, except the Licensed IP and any Commercial Software Licenses, owned by any other Person.
The Owned Intellectual Property and the Company Technology (together with any Intellectual Property used by the Company (or its Subsidiary) that is in the public domain and any rights of the Company or its Subsidiary to use Commercial Software Licenses or rights under the Transition Services Agreement) comprises all of the Intellectual Property and Technology necessary for or used in the Business.
Except for the Intellectual Property licensed under the Contracts set forth in Schedule 3.18.(b) of the Company Disclosure Letter, the Commercial Software Licenses and the rights of the U.S. Government resulting from research and development grants and contracts received by the Company and Protonex LLC from the U.S. Government (the “U.S. Government Rights”), the Company or Protonex LLC exclusively own all Intellectual Property used in the operation of the Business.