Panda Software definition
Examples of Panda Software in a sentence
The term "Panda Software" refers to the software developed by Seller which is commonly known by that name and marketed by Seller to the institutional food service business as such software is further described on Exhibit "M".
The term "Panda Business" shall mean the business related to the sale and support of the Panda Software.
This program, as well as any corresponding documentation or information, is the exclusive property of Panda Software and/or its suppliers of software.
To assist Buyer with Buyer's assumption of the ownership of the Panda Software, Seller agrees to provide Buyer the services set forth in Exhibit "O".
The term "Net Software License Fees" shall mean the gross license fees received by Buyer from the license of the Panda Software, less the amount of any commissions paid to non-employee third parties or any credits or returns granted to distributors or end users of the Panda Software.
The customer lists delivered to Buyer at the Closing ("Customer Lists") shall constitute all of Seller's records (other than accounting records) as to the names, addresses and telephone numbers of customers to which Seller has licensed the Panda Software or for whom Seller has provided bids which continue as outstanding.
The term "Software Support Contracts" herein will refer to all software support contracts pursuant to which Seller has agreed to provide software support services for the Panda Software as further described on Exhibit "B".
Panda Software or its suppliers of software own all intellectual property rights and copyrights pertaining to the programs, documentation or any other product given to the licensee as part of this agreement.
Buyer agrees that, other than granting exclusive and nonexclusive licenses to third parties in the ordinary scope of Buyer's business, Buyer shall not transfer Buyer's interest in and to the Panda Software to a third party without Seller's consent prior to the payment to Seller of the Four Hundred Thousand Dollar ($400,000) guaranteed purchase price set forth in Section 2.04(a).
The parties agree to negotiate in good faith the terms of a license to the source code for the Panda Software as necessary to enable Seller to fulfill the support obligations set forth in Section 9.09.