Necessary Materials definition
Examples of Necessary Materials in a sentence
Reseller shall retain all of its intellectual property rights in Necessary Materials including any text, images, or other components it owns and transmits to AIT for use in the Website.
Reseller agrees to provide its end user(s)’s complete texts and graphics and all other necessary materials (“Necessary Materials”) for all web pages to AIT in a timely manner and agrees that failure to submit such Necessary Materials within such a period will result in forfeiture of any and all prepayment and/or Deposit and that the Agreement will be considered completed, with the entire remaining balance owing immediately due and payable.
The incorporation of any Necessary Materials will not merge the parties’ respective intellectual property rights.
Any delays in Reseller response and/or delivery of Necessary Materials may adversely affect the timing of delivery.
WSS represents and warrants that the materials deposited in the escrow account includes all source and object code, binaries, tools and other elements that WSS periodically backs-up to operate the Services and generate reports, as well as documentation that it possesses related thereto ("Necessary Materials").
BUYER may decide to designate an item proposed to be treated as Acquired Materials as Necessary Materials, in which case such item will deemed to be Necessary Materials subject to the below.
BUYER shall provide notice of exercise of such option to purchase the applicable Necessary Materials within thirty (30) days of receipt of SUPPLIER’s notice of acquisition of such Necessary Materials.
To the extent that BUYER has exercised its option to purchase Necessary Materials upon termination of this Agreement, BUYER agrees to pay a reasonable one-time fee to SUPPLIER to be negotiated in good faith by the parties at the time of termination, taking into consideration the condition and fair market value of the items.
Within ten (10) days after acquisition, SUPPLIER shall provide written notice to BUYER of acquisition of the Necessary Materials.
BUYER shall have the option to purchase such Necessary Materials upon termination of this Agreement.