Memory IP definition
Memory IP means any Intellectual Property that is owned by a Memory Party or its Controlled Affiliates immediately after the effect of the Closing and is incorporated or used in (i) any Company Product (at any stage of development) as of the Closing Date, or (ii) the conduct or assets of the Sold Companies as of the Closing Date.
Examples of Memory IP in a sentence
Each Storage Party shall have and retain the exclusive right to institute and prosecute any claim, action or suit against third parties for the infringement of any Storage IP of such Storage Party, and each Memory Party shall have and retain the exclusive right to institute and prosecute any claim, action or suit against third parties for the infringement of any Memory IP of such Memory Party.