Parent Body definition
Examples of Parent Body in a sentence
At the NDA's or the Employer's request the Contractor shall provide to the NDA and the Employer any documents and other materials in any form and any other articles (including copies) in its possession or control bearing or embodying any of the Authority IP created on or after the Commencement Date subject to any pre-existing rights of third parties and the Parent Body Organisation.
Licence to the NDA, the Employer and Contractor The Employer shall be entitled to sub-licence IP made available to it by the Parent Body Organisation ("Parent IP") to the Contractor, on terms to be agreed (having regard always to any restrictions to which the Employer is subject).
Subject to the Parent Body Organisation's consent (such consent not to be unreasonably withheld or delayed), the Contractor acknowledges that the NDA has the right to sub-license the Parent IP to other site licensee companies.
If the Year End Sum is a negative figure then the Authority shall serve a Demand on the Parent Body Organisation requiring that the Parent Body Organisation pays an amount equal to the Year End Sum to the Authority within thirty (30) Calendar Days of receipt of such Demand.
In the event that the Authority is found to have acted reasonably, the Contractor’s costs relating to the reference of the dispute to the Dispute Resolution Procedure shall be Disallowable and the Authority shall claim its relevant costs from the Parent Body Organisation pursuant to the Parent Body Agreement.