IP Buyer definition
Examples of IP Buyer in a sentence
Buyer shall have the right and obligation to maintain and diligently prosecute the Purchased IP at Buyer’s expense, except with respect to any Purchased IP Buyer plans to abandon and notifies Novartis of such plans.
This Agreement and all other agreements herein contemplated to be executed in connection herewith have been (or upon execution will have been) duly executed and delivered by each of Tyco, Buyer and IP Buyer, have been effectively authorized by all necessary action, corporate or otherwise, and constitute (or upon execution will constitute) legal, valid and binding obligations of each of Tyco, Buyer and IP Buyer, enforceable against each of them in accordance with their respective terms.
No claim may be asserted by Tyco, Buyer or IP Buyer for any breach of representation or warranty herein after the survival period therefor.
The parties hereto may amend or modify this Agreement by a written instrument executed by the US Buyer, the IP Buyer and the Company.
Each of Tyco, Buyer and IP Buyer has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby.
Buyer shall have the right and obligation to maintain and diligently prosecute the Purchased IP at Buyer’s expense, except with respect to any Purchased IP Buyer plans to abandon and notifies Seller of such plans.
IP Buyer is a corporation duly organized, validly existing and in good standing under the laws of Switzerland.
No assignment shall release the IP Buyer or the US Buyer or the Company from any obligation or liability under this Agreement.
As consideration for the Itami IP, Buyer agrees, subject to the terms, conditions and limitations set forth in this Agreement, to pay, and Kubota agrees to accept, as the "IP Purchase Price," 2,000,000 shares of Buyer's Class A Common Stock.
On or prior to the Closing, the Buyer and the IP Buyer shall have executed and delivered the Indemnification Agreement.