IP Licensing Agreement definition

IP Licensing Agreement means the licensing agreement, in a form to be agreed by the Parties prior to Closing, to be entered into at Closing whereby each Party licenses to the other (on mutual terms) such Intellectual Property of the Business or the Retained Business (as applicable) that is owned by Sellers or its Affiliates or the Transferred Group (as applicable) and used in the Business or the Retained Business (as applicable) immediately prior to the Closing for the other Party to operate the Business or the Retained Business (as applicable) post-Closing or otherwise in connection with the other businesses of each Party.
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IP Licensing Agreement has the meaning set forth in Section 6.14(a).
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Examples of IP Licensing Agreement in a sentence

  • The annual license fee shall be payable in advance (i) within 10 days after the execution of the Hunan DreamEast IP Licensing Agreement; (ii) on 1 August 2019; and (iii) on 1 August 2020.

  • At the end of the term, DreamEast (Jiaxing) shall have the priority to renew the DreamEast (Jiaxing) IP Licensing Agreement provided that (i) the terms and conditions offered by DreamEast (Jiaxing) should be the same as those offered by other market players (if any) and (ii) at least three (3) months’ notice prior to expiration of the term has been given to DreamEast Pictures.

  • No Credit Party shall, directly or indirectly, amend, modify, supplement, terminate or fail to use its commercially reasonable efforts to renew any Management Agreement or IP Licensing Agreement in effect on the Closing Date in a manner that could be reasonably expected to materially diminish the anticipated revenues to be received by the Credit Parties therefrom.

  • At the end of the term, Hunan DreamEast shall have the priority to renew the Hunan DreamEast IP Licensing Agreement provided that (i) the terms and conditions offered by Hunan DreamEast should be the same as those offered by other market players (if any) and (ii) at least three (3) months’ notice prior to expiration of the term has been given to DreamEast Pictures.

  • Fee: An annual license fee of RMB2 million during the term of the Hunan DreamEast IP Licensing Agreement.

  • The annual license fee shall be payable in advance (i) within 10 days after the execution of the DreamEast (Jiaxing) IP Licensing Agreement; (ii) on 1 August 2019; and (iii) on 1 August 2020.

  • Upon the expiry of the term, the license granted by DreamEast Pictures to DreamEast (Jiaxing) under the DreamEast (Jiaxing) IP Licensing Agreement for the use of the IP Rights shall be forthwith terminated.

  • Upon the expiry of the term, the license granted by DreamEast Pictures to Hunan DreamEast under the Hunan DreamEast IP Licensing Agreement for the use of the IP Rights shall be forthwith terminated.