Parent Technology definition
Examples of Parent Technology in a sentence
Parent owns or has the right to use all components of the Parent Technology Systems that are reasonably necessary to the normal operations of the business of Parent as currently conducted by it.
Parent has good title to all Parent Technology Systems owned by it.
In connection with any such termination, the terminating Party will provide written notice to the breaching Party specifying the particular Parent IP and/or Parent Technology Asset(s) at issue and the nature of default or breach.
Either Party may terminate the license granted under this Agreement as to any item of Parent IP or any Parent Technology Asset, as the case may be, in the event that the other Party or any of its Affiliates is in default or breach of any provision of this Agreement and such default materially affects the scope of such Parent IP or the use of such Parent Technology Asset, or otherwise materially jeopardizes the subsistence, validity or enforceability of such Intellectual Property.
As between the Parties, (a) Folgers and its Affiliates will own and retain all right, title and interest in and to any Improvements to any Parent IP or Parent Technology Assets made solely by Folgers or its Affiliates or their sublicensees.