Licensed IP definition

Licensed IP means the Licensed Patents and the Licensed Know-How.

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Licensed IP means the Intellectual Property owned by any person other than the Corporation and to which the Corporation has a license which has not expired or been terminated;

Licensed IP means all rights under an Acquired Company Contract relating to Intellectual Property Rights and Technology licensed to the Acquired Companies and incorporated into the Acquired Company Products, or material to, used in or are necessary to the operation of the business as currently conducted (other than Standard Software).

Examples of Licensed IP in a sentence

• As between the Parties, Licensor shall have the sole and exclusive right, but not the obligation, at its own cost and expense, to control enforcement or defense against any Third Party Infringement of the Licensed IP with respect to which such Licensor is granting a license to Licensee hereunder (including by bringing an Action or entering into settlement discussions).

• If, in connection with enforcing any Licensed IP against any Third Party Infringement in accordance with Section 4.3(a), Licensor brings (or defends) an Action or enters into settlement discussions with respect thereto, Licensee shall provide reasonable assistance in connection therewith at Licensor’s reasonable request, and Licensee shall be reimbursed by Licensor for its reasonable, actual out-of-pocket costs and expenses incurred in connection therewith.

• Notwithstanding anything to the contrary in Section 4.1 or Section 4.2, in the event that any Third Party allegations of invalidity or unenforceability of any Patents included in the Licensed IP licensed to Licensee hereunder arise in an opposition, interference, reissue proceeding, reexamination or other patent office proceeding, this Article IV shall govern the Parties’ rights and obligations with respect thereto.

• Subject to the terms and conditions of this Agreement, RemainCo hereby grants to SpinCo an irrevocable, perpetual (subject to Section 7.1), royalty-free, fully paid-up, sublicensable (to the extent permitted in Section 2.3), non-transferable (except as provided in Section 8.2), worldwide, non-exclusive license in, to and under the RemainCo Licensed IP for any and all uses.

• Subject to the terms and conditions of this Agreement, SpinCo hereby grants, and SpinCo shall cause its Affiliates to grant, to RemainCo, an irrevocable, perpetual (subject to Section 7.1), royalty-free, fully paid-up, sublicensable (to the extent permitted in Section 2.3), non-transferable (except as provided in Section 8.2), worldwide, non-exclusive license in, to and under the SpinCo Licensed IP for any and all uses.

More Definitions of Licensed IP

Licensed IP means any and all Intellectual Property owned by a third party and licensed or sublicensed (or purported to be licensed or sublicensed) to the Company or any of its Subsidiaries.

Licensed IP has the meaning provided in Section 3.14(c).

Licensed IP shall have the meaning set forth in Section 4.1.37(b) hereof.

Licensed IP means the Licensed Marks, the Licensed Content, the Licensed System and the Licensed Software.

Licensed IP means the Intellectual Property licensed to Purchaser pursuant to the Intellectual Property Agreement.

Licensed IP has the meaning set forth in the IP License Agreement.

Licensed IP means the Licensed Patents and Licensed Know-How.