IP Escrow Agreement definition
Examples of IP Escrow Agreement in a sentence
This Agreement, the IP License Agreement and the IP Escrow Agreement constitute the entire agreement between the Parties and set out all the covenants, promises, warranties, representations, conditions and agreements between the Parties in connection with the subject matter of this Agreement and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, pre-contractual or otherwise.
There are no covenants, promises, warranties, representations, conditions, understandings or other agreements, whether oral or written, pre-contractual or otherwise, express, implied or collateral between the Parties in connection with the subject matter of this Agreement except as specifically set forth in this Agreement, the IP License Agreement and the IP Escrow Agreement.
The IP Escrow Agreement shall allow Authority to use the IP Escrow Materials pursuant to Article 27.4.5 if, simultaneous with or after Authority issues a Default Notice to Contractor under Article 17.1, Authority’s delivery to the IP Escrow Agent of both (i) a copy of the Default Notice and (ii) a written request, with a copy to Contractor, for the IP Escrow Agent to release the IP Escrow Materials (a “Release Notice”).
The IP Escrow Materials shall at all times be maintained to the satisfaction of DOE and in accordance with the IP Escrow Agreement.
As of the Effective Date, Chen shall execute and deliver the IP Escrow Agreement to HTL and the Escrow Agent.