MATERIAL NEW IP definition
MATERIAL NEW IP or "MNIP" means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date (and involving certain levels of investment or achievement by E), that substantially and materially reduce Direct Production Costs of Licensed Products or substantially increase the output, effectiveness, utility or value of Licensed Products, including, without limitation, Intellectual Property Rights and Technology developed by or Licensable by E listed in PART 2 of EXHIBIT A. To avoid doubt, MNIP comprises, without limitation, Intellectual Property Rights and Technology that reduce Direct Production Costs of Licensed Products by [*]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E.
MATERIAL NEW IP or "MNIP" means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date (and involving certain levels of investment or achievement by E), [****]. [****] To avoid doubt, MNIP comprises, without limitation, Intellectual Property Rights and Technology [****]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E.
MATERIAL NEW IP or "MNIP" means Intellectual Property Rights and Technology developed or Licensable by E only after the License Effective Date [****]. Notwithstanding anything to the contrary, MNIP shall not include any Excluded E Intellectual Property Rights or, in the event of an acquisition of E, Intellectual Property Rights of the acquirer of E. In general Intellectual Property Rights and Technology that are legally protectible and reduce Total Production Costs of Licensed Products by, or provide an Added Value of, [****]; provided, however, that MNIP may include Property Rights and Technology not meeting such criteria to the extent that it nevertheless provides a substantial and material benefit.