LOC-IP definition
Examples of LOC-IP in a sentence
The APC agrees to grant to the City the exclusive license and right (e.g., Senyo-Jisshiken in Design Right; Senyo-Shiyoken in Trademark Right) of the trademarks, design rights and any other intellectual property rights in the Host Country with respect to the LOC-IP.
However, the APC shall bear the costs and expenses for the registration (e.g., change of the trademark holder in registration) of the intellectual property rights in the LOC-IP for such transfer, and the LOC shall assist the APC in taking such registration procedure.
The LOC shall, at its own costs and expenses, take the necessary countermeasures against the infringement upon the LOC-IP by any third party, and the APC shall assist the LOC in the LOC’s taking such countermeasures.