Examples of Licensor Product in a sentence
The Licensor Product Commercialization Plan shall be updated and reviewed at least annually.
The amounts due to Licensor as set forth in the applicable Order Form do not include, and Licensee shall pay, any sales, use, property, value- added or other taxes (including any amounts to be withheld for the purpose of paying the foregoing) relating to, resulting from or based on use of the Licensor Product.
If a product manufactured by Licensor fails to conform to the Licensor Product limited warranty above, Licensor shall at its option either (i) repair or replace the non-conforming Product to remedy the non-conformity or (ii) refund or credit Licensee the amounts paid for the Product in exchange for return of the non-conforming Product.
Licensor will consider enhancements to Licensor Product requested by Mercury Interactive to potentially be included in future versions or Updates.
Under its terms, Devon Robotics agreed to pay “CytoCare License Fees” to HRSRL, defined as “the firm, guaranteed, and binding payment” of €15,232,988 “in consideration for the exclusivity for the Licensor Product from the Effective Datethrough the end of the Initial Exclusive Term.” Id. at ¶ 1.2; ¶ 3.1.2 The Distribution Agreement outlined the schedule of monthly fees due to HRSRL, starting in October 2008.