Licensed Assets definition

Licensed Assets shall have the meaning set forth in Section 2.1 hereof.

Licensed Assets means the Books and Records, Commercial Information, Medical Information, Know How, those Trademarks listed in Annex 1 Part B, and that is related to the commercialization and/or manufacture of the Products in the Territory and, in each case that is in existence, reasonably accessible and owned or controlled by Novartis and/or its Affiliates as at the Closing Date.

Licensed Assets means Licensed Patents and Licensed Know-How.

Examples of Licensed Assets in a sentence

• Under the terms and conditions of the License Agreement, (a) Novartis shall, or shall cause its Affiliates, to grant to Purchaser, the licenses to the Licensed Assets specified therein effective upon the Closing Date.

• The purchase price for the Transferred Assets and for the use of the Licensed Assets in accordance with the terms of the License Agreement shall be the sum of thirty two million Canadian Dollars (CA$32,000,000.00), exclusive of any applicable VAT (“Purchase Price”) and is non-refundable.

• This restriction shall not apply to announcements required by any Regulatory Authority or restrict Purchaser from publicly disclosing that it is licensed to use and exploit the Licensed Assets and the Licensed Trademarks.

• There are no pending, and CIMA does not presently contemplate bringing, any actions or suits relating to the Activities, the Licensed Assets or the CIMA Trademarks against others.

• Purchaser shall, grant Novartis and/or its Affiliate or a designated Third Party, effective upon the Closing Date, the necessary licenses under the Transferred Assets and Licensed Assets to fulfill Novartis’ obligations under this Agreement and the Supply Agreement upon the terms of the License Agreement.

More Definitions of Licensed Assets

Licensed Assets means all of the Intellectual Property and Intellectual Property Rights that are licensed to Purchaser pursuant to the License Agreement.

Licensed Assets has the meaning set forth in the Asset Purchase Agreement.

Licensed Assets means the Bioprojet Know-How, Bioprojet Patents, Product Trademarks, Product trade dress, Regulatory Filings and Regulatory Approvals and Bioprojet’s right and interest in and to any Joint Inventions and Collaboration IP.

Licensed Assets shall have the meaning assigned to such term in Section 4.15 hereof.

Licensed Assets means, collectively, the Matritech Patent Rights, the Matritech Trademark Rights and the MIT Patent Rights (each as defined in the Contingent License Agreement) and any other Intellectual Property from time to time subject to the grant of a license in favor of the Collateral Agent pursuant to the Contingent License Agreement.

Licensed Assets means the Trademarks, the Trade Dress and the Product Standards.

Licensed Assets means the Licensed Technology, the Licensed Development Technology, the Licensed Trademarks and the Improvements.