Licensed IP definition
Examples of Licensed IP in a sentence
For purposes of this Section 3.4(b), the acquisition of the Third-Party Rights shall be considered “necessary” if Rasayana reasonably determines that the use of the Licensed IP by R▇▇▇▇▇▇▇ in the sale of the Product would otherwise infringe the intellectual property rights of the Third Party or Third Parties.
Subject to the terms of this Agreement, Theriva grants to Rasayana and its Affiliates an exclusive (even as to Theriva), worldwide, royalty and fee-bearing, non-transferable license (except pursuant to Section 10.5), with the right to sublicense through multiple tiers (subject to Section 2.2) under the Licensed IP to Research, Develop, Manufacture, and Commercialize one or more Products in the Field in the Territory.
Each Party agrees that, except as required by applicable laws, it shall not publish or present, or permit to be published or presented, the results of the Research, Development, or Commercialization of the Products to the extent such results refer to or otherwise relate to the Licensed IP (the “Covered Results”) without the prior review by and approval of the other Party.
Theriva’s interest in any Joint Inventions shall be included in the Licensed IP.
Except as set forth on Schedule 4.1(i)(ii) of the Disclosure Schedule, to the Knowledge of Ultragenyx, there are no licenses or sublicenses entered into by Licensee or any other Person (or any predecessor or Affiliate thereof) in respect of Licensee’s rights and obligations under the License Agreement (including any Licensed IP) related, directly or indirectly, to the Profit Share Territory.