Licensing Expenses definition

Licensing Expenses means all reasonable out-of-pocket costs and expenses incurred by the Managing Party for negotiating and entering into License and Option Agreements for the Joint Invention and for corporate entity formation and equity ownership matters relating to forming an entity to commercialize the Joint Invention, including for example outside attorneys’ fees and expenses. In addition, other related expenses, such as travel relating to negotiation of a License Agreement, may be treated as Licensing Expenses if mutually agreed upon in writing by the Parties. For avoidance of doubt, the salaries and costs of each Party’s technology transfer office or legal affairs office are not included as outside costs for purposes of calculating the Licensing Expenses.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Licensing Expenses means any amount determined by SOG and/or Manager, from time to time, as payable by Company hereunder for its rights and benefits under the License Agreement, including, without limitation, for Company’s ability to access, or Manager’s and/or SOG’s ability to use for Company’s benefit, as the case may be, seismic data, well logs, LAS files, well documents, and interpretive geologic software and information systems.

Licensing Expenses means those documented out-of-pocket expenses incurred by Institution One, with the written approval of Institution Two, in marketing the Patent Rights and/or for the preparation, negotiation, execution and/or enforcement of license/option agreements with respect to the Patent Rights.

Examples of Licensing Expenses in a sentence

Within 45 days after the Managing Party receives the License Consideration (including equity or other non-cash consideration), the Managing Party shall make the calculations as to the allocation of that License Consideration in accordance with the terms of the Agreement and furnish to the Other Parties a written report of such receipts and calculations (including itemized amounts for Licensing Expenses).
Equity or other non-cash consideration will not be used to reimburse Patent Expenses or Licensing Expenses.
The Partial CVR Payment Statement shall incorporate any LDI Licensing Expenses of the Shareholder Representative set forth in writing by the Shareholder Representative to the Company within such ten (10) Business Day period, which shall be certified by the Shareholder Representative.
Any Shareholder Representative Reimbursement Amount and any amounts (and only such amounts) shall be included in the calculation of LDI Sale Expenses and LDI Licensing Expenses hereunder.
For the avoidance of doubt, the Company or one of its Affiliates shall pay all LDI Sale Expenses and LDI Licensing Expenses, including any such LDI Sale Expenses and LDI Licensing Expenses incurred at the direction of the Shareholder Representative, subject to the deduction of such LDI Sale Expenses and LDI Licensing Expenses from the payments to the Holders as is provided for hereunder.
For the avoidance of doubt, such fees, expenses and reimbursements contained in this Section 3.3 shall be LDI Sale Expenses or LDI Licensing Expenses, as applicable.
The Managing Party shall make the calculations as to the allocation of the License Consideration in accordance with the terms of the Agreement and furnish to the Other Parties a written report of such receipts and calculations (including itemized amounts for Licensing Expenses).
In the event of termination, each Party shall still be responsible for its portion of Patent Prosecution and Licensing Expenses incurred prior to the effective date of termination, and the terminating party shall pay its outstanding portion of expenses by the end of the sixty (60) days.
Non-cash consideration will not be used to reimburse Patent Expenses or Licensing Expenses.
Certification or Licensing Expenses- Any costs pertaining to the Superintendent's certification/or license and maintaining his Teacher Certification, as required by the State of Michigan or federal law shall be paid by the Board.

More Definitions of Licensing Expenses

Licensing Expenses means any expenses incurred by CMCC in the marketing and licensing of Patent Rights.

Licensing Expenses means all reasonable out-of-pocket costs and expenses incurred by the Managing Party for negotiating and entering into License and Option Agreements for the Joint Invention, including for example outside attorneys’ fees and expenses. In addition, other related expenses, such as travel relating to negotiation of a License Agreement, may be treated as Licensing Expenses if mutually agreed upon in writing by the Parties. For avoidance of doubt, the salaries and costs of each Party’s technology transfer office or legal affairs office are not included as outside costs for purposes of calculating the Licensing Expenses.

Licensing Expenses means expenses associated with (i) a CSR becoming and remaining a Licensed Agent for the purposes of performing Services; and (ii) expenses associated with Aegis acquiring and retaining such rights and licenses as may be required for Aegis to employ Licensed Agents

Licensing Expenses means all reasonable expenses actually incurred by Sunstorm in marketing and licensing the Licensed Patents and the associated Intellectual Property Rights to third parties as envisioned by this Agreement, as well as all reasonable fees and expenses actually incurred by Sunstorm in obtaining, prosecuting maintaining and enforcing the Licensed Patents and such other governmental registrations of Intellectual Property Rights covering the Licensed Technology as Sunstorm shall deem appropriate, including any sums paid to any inventor of any invention of a Licensed patent in order to secure such inventor's cooperation in obtaining, prosecuting or maintaining a patent in any country. Licensing Expenses shall include both (i) a reasonable allowance for labor costs of Sunstorm employees (excluding ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Ph.D.) participating in such marketing and licensing, as well as participating in obtaining, prosecuting and maintaining the Licensed Patents and such other governmental registrations of Intellectual Property Rights covering the Licensed Technology, while so participating, but shall not include any overhead expenses and (ii) all out of pocket expenses incurred by Sunstorm in such marketing and licensing. Licensing Expenses shall also include any payments made to any third party on account of the transactions envisioned by this Agreement, including reasonable commissions paid to licensing agents and representatives and royalties paid to Unilever under the Unilever Agreement.