IPPI definition
Examples of IPPI in a sentence
Services provided by Licensor hereunder shall be limited to delivery of the IP/PI; and with respect to Software, delivery shall only include delivery of the software and associated program materials together with basic support of the installation and initial start-up of the software.
Except as provided in Article 4, or unless Licensee obtains Licensor’s prior written consent, Licensee agrees not to provide or otherwise make the IP/PI available in any form to any person other than permanent and contracted employees of Licensee who have agreed in writing to maintain the confidential nature of third party trade secrets and know-how in Licensee’s possession.
Licensor shall take title to all enhancement, or modifications to, or versions of, the IP/PI which constitute derivative works.
Licensee may copy, in whole or in part, any portion of the IP/PI provided to Licensee in accordance with this Agreement.
Licensee shall immediately notify Licensor of any information that comes to its attention, which does or might indicate that the IP/PI has not been maintained in the strictest confidence.
Licensee shall have a nonexclusive license to use the IP/PI; however, title to such IP/PI shall remain solely with Licensor.
Licensee agrees to advise all employees having access to the IP/PI of the terms and conditions of this Agreement, including the potential proprietary trade secret nature of the IP/PI.
If at the end of the acceptance period the IP/PI, in the form of software, has not met the acceptance criteria, the agreement shall terminate and Licensee shall return all materials furnished.
If Licensor has not received a written notice of acceptance or cancellation with five working days after the end of the acceptance period, the IP/PI, in the form of software, shall be deemed accepted by Licensee.
The original and any copies of the IP/PI or any portion thereof made by Licensee shall remain the property of the Licensor and shall be returned to Licensor upon termination or cancellation of the applicable license.