Licensed Services definition
Examples of Licensed Services in a sentence
If multiple technologies are covered by the licenses granted hereunder and Licensed Products, Licensed Services or Licensed Processes are based on different technologies, Licensee shall specify which Licensed Patents are utilized for each Licensed Product, Licensed Service or Licensed Process included in the Royalty Report.
Licensee shall, at its expense, also be responsible for any warning labels, packaging and instructions produced or distributed with respect to the use of Licensed Products, Licensed Services or Licensed Processes and for the quality control for any Licensed Products, Licensed Services or Licensed Processes.
On sales of Licensed Products, Licensed Services or Licensed Processes which are made in other than an arm’s-length transaction, the value of the Net Sales attributed under this Section 3 to such a transaction shall be that which would have been received in an arm’s-length transaction, based on sales of like quality and quantity products, services or processes on or about the time of such transaction.
USC hereby grants and Licensee accepts, subject to the terms and conditions of this Agreement, an exclusive (except as specified in Sections 2.5 and 2.6), worldwide, royalty-bearing license, with limited rights to sublicense pursuant to Section 2.2, under the Licensed Patents to make, have made, use, have used, sell, have sold, offer to sell and import Licensed Products, Licensed Processes and Licensed Services in the Field.
As an inducement to USC to enter this Agreement, Licensee will use all reasonable efforts and diligence during the term of this Agreement to develop and sell Licensed Products, Licensed Services and Licensed Processes in the Field for commercial purposes throughout the Territory.