JOIP definition
Examples of JOIP in a sentence
Thereafter, Isis shall have no responsibility for any costs relating thereto, shall not share in any recovery relating to the enforcement thereof and shall retain solely a royalty-free, nonexclusive license without the right to sublicense to practice such Nonproduct JOIP for its own research and development activities.
The Transferred JOIP Obligation under this Master Incentive Contract reflects the fact that the Jobber and BP have agreed to terminate one or more single site JOIP contracts and transfer their unamortized balances to this Master Incentive Contract, pursuant to one or more separately executed AMO Balance Transfer Contracts, and such total balance will be subject to the Default section of this Master Incentive Contract.
Ercole will consider Isis’ input with respect to the prosecution, maintenance, enforcement and defense of any such Nonproduct JOIPs. In the event that Isis elects not to participate in the prosecution or maintenance of any such Nonproduct JOIP, Isis shall so notify Ercole of such determination.
In the case of defense of such Nonproduct JOIPs, Isis will not admit the invalidity or unenforceability of any Nonproduct JOIP, grant a license to the allegedly infringing Third Party or enter into any settlement agreement without Ercole’s prior written consent, such consent not to be unreasonably withheld.
Upon acquiring a BP-branded retail site, Jobber will assume any contracts and unamortized balance of Seller related to outstanding JOIP or Reimage obligations.
However, if any REF Difference Dollars (as defined below), are available, Jobber may use such REF Difference Dollars toward any Exempt Site or Transferred Site if Jobber executes a then-current Company single site JOIP contract.
For any Retail Site with a Jobber Outlet Incentive Program Contact (“JOIP Contract”) dated on or before the Seventh Amendment Date, Jobber will not be required to repay BP any of the unamortized balances due BP for debranding such Retail Site on or after the Seventh Amendment Date, notwithstanding anything to the contrary set forth in the JOIP Contract(s) related to such Retail Site.
After assuming a JOIP or Reimage contract, Jobber and Company will amend such contract to release Company from any obligations to pay additional JOIP or Reimage funds to Jobber after the date of the contract assumption.
In the event that Ercole elects not to participate in the prosecution or maintenance of any Nonproduct JOIP, Ercole shall so notify Isis of such determination.
Thereafter, Ercole shall have no responsibility for any costs relating thereto, shall not share in any recovery relating to the enforcement thereof and shall retain solely a royalty-free, nonexclusive license without the right to sublicense to practice such Nonproduct JOIP for its own research and development activities.