Licensed Rights definition
Examples of Licensed Rights in a sentence
During the term of this Agreement, Licensee may have the right to institute a suit relating to the exclusively Licensed Rights against such third party as provided in Sections 11.2 through 11.6.
This Agreement will expire, unless terminated earlier pursuant to this Article 15 (Termination), without further action by the Parties, when all Licensed Rights have terminated pursuant to Article 2 (Grant of Rights), and all obligations due to ULRF based on the exercise of such Licensed Rights have been fulfilled.
Nothing in this Agreement is or will be construed as: (a) conferring to Licensee by implication, estoppel, or otherwise any license or rights under any patent applications, patents or copyrights of ULRF other than the rights expressly granted it in this Agreement under the Licensed Rights; or (b) an obligation to furnish to Licensee any know-how not provided in the Licensed Patents or Licensed Copyrights.
Each Party will promptly notify the other Party if it believes a third party is infringing exclusively Licensed Rights in the Field of Use.
Affiliates will have no licenses under the Licensed Rights except as granted by Licensee in a Sublicense.