Patented Technology definition
Examples of Patented Technology in a sentence
In the event that any new element of Pump v.1A or Pump v.2 which was not based on technology contained in Pump v.1 or on any Existing Patented Technology or Accessory is determined to infringe in any country in the Territory the Intellectual Property of any Third Person by a final, nonappealable judgment of a court of competent jurisdiction, then DEBIOTECH shall be obligated to pay [CONFIDENTIAL TREATMENT REQUESTED] of all royalties, damages and costs associated therewith without limit.
As used herein, the term “material breach” shall include, but is not limited to, any use or exploitation by Sublicensee of the Patented Technology not in accordance with the sublicense Grant provided in Section 2 above.
Any modifications or updates to the Patented Technology developed by Party B shall be owned solely by Party B.
To the best of each of the Company's knowledge, there are no disputes, suits, actions, arbitrations, proceedings, claims or investigations of any sort pending, threatened or contemplated affecting any of the Patented Technology or against the Company or any customer, mediate or intermediate, privy, supplier, officer or agent of the Company regarding the ownership, use licensing, sale, distribution and/or commercial exploitation of the Patented Technology or otherwise relating to the Patented Technology.
In particular, we have discussed the possibility of providing a second set of earned royalty rates, somewhat lower than those presently recited in Section 5 of the Agreement, which would apply to Net Sales of Transgenic Animals, other Transgenic Products or Transgenic Contract Services that stem from use of the Patented Technology prior to the issuance of United States Patent No. 4,873,191 on October 10, 1989.