Examples of Licensed IPRs in a sentence
The Group had earlier acquired certain intellectual property rights (Licensed IPRs) from IBM for some of these products and was carrying these licensed IPRs at an unamortized value of $427,306 as of June 30, 2019.
Certain Licensed IPRs which include the right to modify, enhance or exploit are amortised in proportion to the expected benefits over the useful life which could range up to 15 years.
This amount has been reduced from Licensed IPRs and included in purchase price.
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.
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.
These THREEPTs (including the Schedules) shall apply to the sale and purchase of Deliverables as follows:• The supply of Goods shall be subject to the additional terms of Schedule 1;• The provision of Services shall be subject to the additional terms of Schedule 2;• The licence of Software shall be subject to the additional terms of Schedule 3; and• The licence of Licensed IPRs shall be subject to the additional terms of Schedule 4.
In order to prepare for the [REDACTED] and to enhance our corporate governance and management of our intellectual property rights, Mr. Qiang intended to cease using the Licensed IPRs or other intellectual property rights of our Group in his other business ventures not related to our Group.
As the Licensed IPRs were granted to Mr. Qiang (for and on behalf of the IPR Entities) at nil consideration, the transactions under the IPR Licensing Agreement will meet the de minimis transaction requirements under Rule 14A.76 of the Listing Rules and are fully exempted from the reporting, annual review, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.