OEM Intellectual Property definition
Examples of OEM Intellectual Property in a sentence
If Client has instructed Abtech to load Client licensed Intellectual Property of any third party, with the intent of parallel use of transferred Intellectual Property during the transition of one system to another, permission must be granted by the Original Equipment Manufacturer (“OEM”) and all OEM Intellectual Property policies must be respected.
IPP shall acquire no ownership interest in the OEM Intellectual Property through this Agreement or otherwise and all use by IPP of the OEM Intellectual Property shall inure solely to the benefit of the OEM.
IPP acknowledges and agrees that the OEM is, and the OEM or its successors or assigns shall remain, the owner of the OEM Intellectual Property.
Except for the express licenses conferred upon Changepoint hereunder, there are no other licenses granted herein either express or implied and all other rights with respect to the OEM Software and the OEM Intellectual Property are expressly reserved by OEM.