Product Offering definition
Examples of Product Offering in a sentence
Moogsoft and its suppliers own and shall retain all proprietary rights, including all copyright, patent, trade secret, trademark and all other intellectual property rights, in and to the Product Offering, any error corrections, bug fixes, new releases, updates, product extensions and enhancements, and the results of any Professional Services (“Intellectual Property Rights”).
End User acknowledges that the rights granted under this Agreement do not provide End User with title to or ownership of the Product Offering.
To the extent that End User invents or develops any intellectual property in connection with using, testing or evaluating the Product Offering, those Intellectual Property Rights shall be owned by (and End User hereby assigns such rights to) Moogsoft.
If Moogsoft believes in good faith that End User’s usage of the Product Offering exceeds that set forth on the applicable Order Form, End User agrees to allow Moogsoft to audit End User’s use of the Product Offering (not more frequently than twice per calendar year), upon at least twenty-four (24) hours’ notice, to determine the actual use of any and all Product Offering, using a commercially reasonable auditing procedure.
Moogsoft agrees to defend, at its expense, End User against any third party claim to the extent such claim alleges that a Product Offering infringes or misappropriates any patent, copyright, trademark or trade secret of a third party, and Moogsoft shall pay all costs and damages finally awarded against End User by a court of competent jurisdiction as a result of any such claim.