Jointly Held definition
Examples of Jointly Held in a sentence
To the extent Jointly Held Technology is patentable, and there is a desire on the part of both parties to pursue patent protection, Cardiac Science and HeartSine agree to share in all aspects of the patent application process, including costs and expenses relating thereafter, provided, however, that Cardiac Science shall control the patent prosecution of any such Technology.
Assets, Records, Custodian, Capital, Loans, New Partners, Accounts, Profits, Losses and Drawings Assets Jointly Held The Partnership Assets must be and are held by the Partners jointly.
The Vendor: (i) is not the individual against whom certain Encumbrances are registered as disclosed in the results of certain searches conducted against the name of the Vendor; and (ii) is the beneficial owner of record of the Purchased Shares except the Jointly Held Shares, with good and marketable title thereto free and clear of all Encumbrances, save and except for a security interest granted by the Vendor in favour of ▇▇▇▇▇▇▇ ▇.
The Vendor and ▇▇▇▇▇▇▇ ▇▇▇▇▇ are jointly the beneficial owners of record of the Jointly Held Shares, with good and marketable title thereto free and clear of all Encumbrances.
Notwithstanding the aforesaid, each party shall have the right to use, royalty free, such Jointly Held Technology for its own products, and to sublicense the Jointly Held Technology to third parties with the prior written consent of the other party, such consent not be unreasonably withheld or delayed.