Licensed IPRs definition
Examples of Licensed IPRs in a sentence
For the avoidance of doubt, Seller shall have no obligation under this Agreement to maintain or support after the Closing Date any of the items licensed or transferred by Seller or its Affiliates pursuant to this Agreement, including: (i) Transferred Materials; (ii) Transferred IPRs; (iii) Transferred Patents; (iv) Licensed IPRs; (v) NXP Transferred Materials Patents; or (vi) NXP Successor Version Patents.
The license granted to VL C.V. hereunder does not include the right to license, and neither Purchaser nor VL C.V. shall perform any actions in a manner that would require any software included in the Licensed IPRs or otherwise licensed hereunder to VL C.V., in whole or in part, or any derivative work thereof to be licensed, under Open License Terms.
Further, in no event shall the licenses granted under clauses 2.4 and 2.5 above, or any other provision of this Agreement, be construed as granting Purchaser (or its Affiliates), expressly or by implication, estoppel or otherwise, any right or license to use any of Seller’s (or any of its Affiliates’) Patents, technology or intellectual property rights other than those licenses to the Licensed Materials, Licensed IPRs and Licensed Patents to the extent expressly granted under clauses 2.4 and 2.5 above.
Seller (or its Affiliates as the case may be) retains all rights, title and interest in and to the Licensed Materials (including any copies thereof and whether separate or combined with any other products), Licensed IPRs and Licensed Patents, and no ownership in or to the Licensed Materials, Licensed IPRs or Licensed Patents is transferred pursuant to this Agreement.
Bosch and Nikola understand that the Licensed IPRs are under development and that additional Intellectual Property Rights may be developed by Bosch or its Affiliates after the effective date of this FCPM License and may need to be licensed separately depending on the nature of the developed Intellectual Property Rights.
The license granted to Purchaser hereunder does not include the right to license, and Purchaser shall not perform any actions in a manner that would require any software included in the Licensed IPRs or otherwise licensed hereunder to Purchaser, in whole or in part, or any derivative work thereof to be licensed, under Open License Terms.