Joint Proprietary Technology definition
Examples of Joint Proprietary Technology in a sentence
If EBC decides to take such actions with respect to any patent application or patent in any country, EBC will pay all costs incident to such patent applications, patents and like protection in such country regarding the Joint Proprietary Technology, including all costs incurred for filing, prosecution, issuance and maintenance fees, as well as any costs incurred in filing continuations, continuations-in-part, divisionals or related applications and any re-examination or reissue proceedings.
All Proprietary Technology jointly developed during the term of this Agreement by EBC and Petro Star ("Joint Proprietary Technology") shall be owned jointly by EBC and Petro Star.
The term of this Agreement shall commence on the date set out on the first page of this Agreement and shall continue until the earlier of (a) the termination of commercial production at the Kami Mine, and (b) the date that is the 15th anniversary from the date of Commencement of Commercial Production.
EBC shall have and is hereby granted an exclusive, perpetual, royalty-free, fully paid license to use all Joint Proprietary Technology in the area of Biorefining, with rights to sublicense, and to develop, make and have made, use, sell and market and otherwise commercially exploit products and services throughout the world using such Joint Proprietary Technology in the area of Biorefining.
In addition, the term "Confidential Information" shall mean and include all Joint Proprietary Technology, which shall be deemed to be Confidential Information of both parties to this Agreement.