Intellectual Property Goodwill definition

Intellectual Property Goodwill means all goodwill in or pertaining to the Intellectual Property as at the Commencement Date, and as developed or accumulated by the Customer subsequent to the Commencement Date;
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Examples of Intellectual Property Goodwill in a sentence

  • The Purchase Price shall be allocated to the Assets as follows: Furniture and Fixtures Inventory Cash Intellectual Property Goodwill Buyer and Seller hereby agree to report this transaction for federal tax purposes in accordance with the allocation of the Purchase Price set forth above.

  • All Intellectual Property Goodwill remains the exclusive property of Drawboard and any change in the value of the Intellectual Property Goodwill during the Term remains exclusively with Drawboard.

  • The Customer will not obtain or accumulate any right, title or interest in the Intellectual Property Goodwill, other than the ability to use the Intellectual Property Goodwill on the terms set out in this Agreement for the Term.

  • The Customer does not acquire any right, title or interest in the Intellectual Property or the Intellectual Property Goodwill, except a bare licence as provided in this Agreement.