Production IP definition
Examples of Production IP in a sentence
The Parties also hereby agree that, notwithstanding the terms of Section 10.6 of the Agreement, the license grants set forth in or extended under Section 10.6.1(a) of the Agreement exclude the right for TOTAL to use Farnesene Production IP for the production of farnesene from fermentation of a Farnesene Strain and subsequent purification of farnesene to hydrogenation grade.
For purposes of clarity, only one royalty shall be paid on the sale of a Product, either under Section 6.3(a)(i) during the Product IP Royalty Term or Section 6.3(a)(ii) during the Production IP Royalty Term.
In the event of the expiration of this Agreement at the end of the Term, the Company shall retain a perpetual, non-exclusive (subject to Section 2.A(iv)), royalty-free (subject to Section 2.A(iii) and (vii) and Section 2.B) right and license under the AMYRIS Licensed IP, in each case that is necessary or, in the case of the AMYRIS Farnesene Production IP, useful to Make and Sell JV Jet Products within the Territory.
In the event of the expiration of this Agreement at the end of the Term, the Company shall retain a perpetual, non-exclusive (subject to Section 2.A(iv)), royalty-free (subject to Section 2.A(iii) and (vi) and Section 2.B) right and license under the AMYRIS Licensed IP, in each case that is necessary or, in the case of the AMYRIS Farnesene Production IP, useful to Make and Sell JV Products within the Territory.
The terms of the Biofene License under Farnesene Production IP shall be subject to conditions consistent with or better for the JV Company than licenses that AMYRIS and its Affiliates grant to their other partners for the manufacture of farnesene.
TOTAL acknowledges that it is possible that after the Amendment Effective Date, AMYRIS may file one or more patent applications comprising Farnesene Production IP, which patent applications disclose inventions generated under either the IBR Grant or the NABC Grant, thereby subjecting such patent applications and any resulting patents and their use to certain restrictions and obligations to the United States government.
In the event of the expiration of this Agreement at the end of the Term, TOTAL shall retain a perpetual, non-exclusive, royalty-free (subject to Section 2.A(v) and Section 2.B) right and license under the AMYRIS Licensed IP, in each case that is necessary or, in the case of the AMYRIS Farnesene Production IP, useful to Make and Sell Licensed Products within the Field within the Territory.
If there is an opportunity to exploit any of the Production IP, Ancillary IP, Theme Park IP and Animation Park IP (each defined below and collectively, “Non-Derivative IP”) outside of the Territory, Newco may do so as and to the extent approved by the Board of Directors in accordance with Section 15, and subject to the right of first refusal and matching right of DWA as set forth herein.
The royalties set forth in Section 6.3(a)(ii) shall be payable with respect to a Product and a country during the applicable Production IP Royalty Term.
The terms of the Biofene License under Farnesene Production IP shall be subject to conditions [*].