Modifications definition
Examples of Modifications in a sentence
TransAct shall have the right to make Modifications to the Code at TransAct’s sole cost and expense without the prior consent of AD (each a “TransAct Modification”).
The foregoing license grants TransAct the right to (a) use, market, sublicense, distribute, copy, and deliver the Code for commercial purposes; (b) to host a copy of the Code; (c) to make Modifications to the Code as set forth in Section 2.3.
Notwithstanding the foregoing, in addition to other rights and remedies available to AD, in the event TransAct fails to timely pay AD, in full, the Purchase Price or Professional Services Fees, all of TransAct’s right, title, and interest in and to any and all TransAct Modifications shall automatically be assigned to and shall vest in AD, and TransAct shall have no rights to such TransAct Modifications unless otherwise agreed by the Parties.
AD shall provide Transition Modifications in a format agreeable to both parties within a reasonable time following development of the same.
All such AD Modifications shall be owned solely and exclusively by AD.