Latex Technology definition
Latex Technology means all Intellectual Property owned by Seller or its Affiliates and associated with or related to the conversion of synthetic rubber into latex such as converting isoprene rubber, butyl rubber, or SIS polymer into latex or the direct manufacture of latex and latex products. Latex Technology includes all related raw material selection, process technology, and QA methodology and associated technology to produce latex, including technology to produce IR401 and IR2GL1 and technology to produce isoprene rubber latex, butyl rubber latex, and SIS latex products, and includes the Intellectual Property identified on Schedule 2.2(m). Latex Technology does not include any Intellectual Property of Seller or its Affiliates regarding the hydrogenation or partial hydrogenation of styrenic block co-polymers.
Examples of Latex Technology in a sentence
The Application Technology, the Latex Technology and the Polymerization Technology comprise all of the Intellectual Property (excluding generally commercially available, off the shelf software programs licensed pursuant to a shrink-wrap or “click to accept” agreement) that are used, held for use or intended to be used for the Cariflex Business as it is conducted on the Effective Time.