Licensed Products definition

Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

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Licensed Products means any and all products Used, directly or indirectly, by the Company and within the scope of one or more claims of the Licensed Patents and within the Licensed Field.

Licensed Products means any product or service that if made, used, provided, offered to be provided, sold, offered for sale or imported would infringe (but for the License Agreement) a Valid Claim of the Licensed Patents, or that otherwise uses or incorporates the Licensed IP.

Examples of Licensed Products in a sentence

As between the Parties, Loop (and any other Loop Party designated by Loop from time to time in its sole discretion) shall have the sole and exclusive right to enter into agreements for the sale of Licensed Products and the exclusive right to set the price and quantity to be supplied under each Loop Sales Contract and other terms and conditions as determined by Loop in its commercially reasonable discretion.
Loop shall be entitled to approve all external communications and marketing promotional materials related to the Licensed Products, if any, prior to the issuance or use of any such external communications and marketing promotional materials.
As such, the Marketing Services Fees shall be equal to: (i) the Aggregate Net Sales of Licensed Products in the Applicable Fiscal Year; multiplied by (ii) the corresponding Marketing Service Fees percentage (set forth in the table below), being understood however that the Marketing Services Fees shall never be lower than the corresponding Floor (set forth in the table below), nor higher than the corresponding Cap (set forth in the table below).
Furthermore, JV Company shall, (i) fulfill each of JV Company’s obligations under and with respect to each Transferred Contract, including with respect to order processing, contract fulfillment, shipping, distributing, and other customer service obligations, (ii) invoice Authorized Customers for all sales of Licensed Products under all Transferred Contracts, and (iii) use commercially reasonable efforts to collect the amounts due under such invoices.
Upon termination of this Agreement the royalty rate fixed in the License Agreement shall automatically be amended to a rate equal to [***] of Net Sales of Licensed Products beginning on the termination date of this Agreement.

More Definitions of Licensed Products

Licensed Products means any material, composition, or other product or service, the manufacture, use, import, offer to sell or sale of which would constitute, but for the license granted to Licensee herein, an infringement of a claim of the Licensed Patents (infringement shall include, but is not limited to, direct, contributory, or inducement to infringe).

Licensed Products means any software or other licensed products attached to the Equipment.

Licensed Products means (a) Finished Goods, or (b) Bulk Goods after being assembled with the Printed Materials in accordance with the Guidelines by LICENSEE.

Licensed Products means any process, service, or product, the manufacture, use, or sale of which is covered by a Valid Claim or incorporates or uses any Licensed Technology.

Licensed Products means collectively the Licensed Software and the Documentation.

Licensed Products means all kits, compositions of matter, articles of manufacture, materials, and products, the manufacture, use, SALE, offer for SALE, or import of which: a) would require the performance of the LICENSED METHOD; or b) but for the license granted pursuant to this AGREEMENT, would infringe, or contribute to or induce the infringement of, a pending VALID CLAIM (were it to have issued) or issued VALID CLAIM.

Licensed Products means products or components thereof claimed in Patent Rights or products or components thereof made in accordance with or by means of any Licensed Process.