Current Products definition
Examples of Current Products in a sentence
Seller shall invoice Buyer within 60 days after each shipment of such Current Product for the applicable Have Made Costs for the Current Products included in such shipment.
Within sixty days after the end of each calendar quarter, Seller shall, if applicable, provide Buyer with reasonable detail and documentation backup to support the calculation of and bases for Have Made Costs with respect to Current Products shipped in such quarter.
To the best knowledge of Seller as of the Effective Date, except pursuant to licenses obtained by Purchaser, none of the products or processes using the Intellectual Property Rights as used in the Current Products infringes on the proprietary rights of any third party, no product (or component thereof) or process used by, sold or manufactured for, or supplied to, Seller or Purchaser infringes or otherwise violates the proprietary rights of any other Person.
To the knowledge of Seller as of ---------------------------- the Effective Date, Seller owns, or possesses adequate licenses or other rights to use, any and all Intellectual Property Rights used in or related to the Transferred Technologies as used in the Current Products.
All of the Current Products are included in the Assets and, effective upon consummation of the Closing, SPSS will obtain and hold the complete and exclusive right, title and interest in and to all of the Current Products.