Liazon Solution definition
Examples of Liazon Solution in a sentence
Liazon acknowledges and agrees that all insurance business placed by Company on behalf of Clients utilizing the Liazon Solution shall belong to the Company; however, nothing in this Agreement will place any restrictions on Liazon’s ability to partner with its current or future insurance broker partners who may compete with Company.
Except for the limited License granted to Company herein, Liazon retains all right, title and interest in and to the Liazon Solution, and all Intellectual Property Rights therein.
Subject to the terms and conditions of this Agreement, the License includes the limited right of Company to sublicense (each a “Sublicense”) such License rights during the Term only to Brokers (each a “Sublicensee”) solely in connection with the Sublicensees’ internal business use for marketing the Liazon Solution to Prospective Clients (the “Broker Purpose”).
During the term of this Agreement, Liazon and Company each grant to the other a non-exclusive right and license to use such party’s name, brands, trademarks, service marks, logos and other identifying marks (collectively, the “Marks”) solely in connection with the marketing and provision of the Liazon Solution to Prospective Clients in accordance with the terms of this Agreement.
In order for a Prospective Client to become a user of the Liazon Solution and therefore, a Client, Liazon must enter into a Liazon Service Agreement with such Prospective Client.