COTS Technology definition
COTS Technology means generally available off-the-shelf software, hardware or other technology that is licensed or otherwise provided by a third party to the Seller for use by the Seller and for which the license fee is no more than $50,000 in the aggregate.
COTS Technology means Intellectual Property or Technology that is generally available to any purchaser or licensee upon acceptance of a publisher’s, manufacturer’s, distributor’s, service provider’s or reseller’s standard contract, license, terms of use or similar contractual provisions for the applicable Intellectual Property or Technology for a cost of less than $5,000 per year for the applicable items of Intellectual Property or Technology. “COVID-19” means the COVID-19 or SARS-CoV-2 virus (or any mutation or variation thereof) or associated epidemics, pandemic or disease outbreaks. “COVID-19 Measures” means, as applicable to a party or its subsidiaries, (i) any quarantine, “shelter in place”, “stay at home”, workforce reduction, social distancing, shut down, closure or sequester order, guideline, recommendation or Law, or any other applicable Laws, guidelines or recommendations by any Governmental Body in connection with or in response to COVID-19 and (ii) such other measures taken by such party and/or any of its subsidiaries to the extent determined in good faith by such party to be reasonably necessary to avoid or mitigate material risk of physical injury or harm to any human Person (or to otherwise protect or preserve the health or safety of any human Person) or a material financial loss or damage to such party or its subsidiaries in connection with or in response to COVID-19 or any other global or regional health event. “Current Liabilities” means the current liabilities of Seller and the Selling Subsidiaries primarily related to the Business, as determined in accordance with GAAP. “Deferred Revenue” means the deferred revenue of Seller and the Selling Subsidiaries primarily related to the Business, as determined in accordance with GAAP. “Documents” means all written and digital files, documents, instruments, papers, books, studies, reports, records, tapes, microfilms, photographs, letters, budgets, forecasts, ledgers, journals, title policies, lists and contact information of past, present and/or prospective customers, supplier lists, regulatory filings, operating data and plans, research material, safety and environmental documentation, technical documentation (design specifications, functional requirements, operating instructions, logic manuals, flow charts, engineering information, test results, processes, etc.), user documentation (installation guides, user manuals, training materials, release notes, working papers, etc.), marketing documentation (sales broch...
Examples of COTS Technology in a sentence
Prior to the date of this Agreement, the Sellers have delivered or made available to the Purchaser true and complete copies of all Contracts under which such Seller has the right to use or otherwise exploit any Licensed IP or Seller Products and Services, other than Licensed IP obtained pursuant to COTS Technology Agreements.
Except as set forth in Schedule 3.14.4, no Seller is obligated to pay any royalties, fees or other compensation to any Person in respect of its ownership, use, license or other exploitation of any Intellectual Property Rights, other than Licensed IP obtained pursuant to COTS Technology Agreements.