Proprietary Formula definition

Proprietary Formula means the craft brew recipe currently in production Schedule A owned by Manufacturing and licensed to Brewery.
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Proprietary Formula means the formula for an activated Chlorine Dioxide in an aqueous solution described in Schedule A owned by Eaucentrix and licensed to Boon.
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Examples of Proprietary Formula in a sentence

  • The advance payment of royalties may be in the form of cash, an increased purchase price for the Proprietary Formula, or by way of a stock issuance.

  • Boon shall receive fifty (50%) of any upfront, one-time sublicense fee or royalty that Eaucentrix receives from any sublicense rights to the Proprietary Technology to any Third Party to make, sell and use the Proprietary Formula.

  • Licensee agrees not to use or exploit the Formula in a manner that can be reasonably foreseen to bring it into disrepute or materially diminish the value of exploiting such Proprietary Formula in connection with the marketing, promotion, distribution, sale, licensing or use of the Proprietary Formula.

  • Commencing on the first commercial sale of any product containing the Proprietary Formula, Boon shall pay to Eaucentrix on a quarterly basis a royalty equal to five percent (5%) of the Net Sales for the preceding quarter.

  • The Proprietary Technology, as memorialized and recorded by Eaucentrix, shall be disclosed to Boon for the sole purpose of making the Proprietary Formula for Boon.

  • Eaucentrix and Boon desires to enter into an agreement to g▇▇▇▇ ▇▇▇▇ certain exclusive rights to the Proprietary Technology and the right to produce the Proprietary Formula from Eaucentrix on the terms and conditions herein set forth herein.

  • Agreed to: Agreed to: Name: J▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: J▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Manager Title: CEO The Proprietary Formula developed and owned by Eaucentrix LLC, who exclusively maintains all rights and privileges is described as follows.

  • At Boon’s request, the Parties shall discuss in good faith an arrangement whereby Boon pays in advance the royalties to be paid to Eaucentrix for the sale of the Proprietary Formula in lieu of quarterly royalty payments.

  • Boon acknowledges and agrees that the Proprietary Formula is protected by U.S. and international laws protecting trade secrets and that the Proprietary Formula is a valuable trade secret of Eaucentrix.

  • Eaucentrix shall memorialize and record in hardcopy and digital form any and all Proprietary Technology necessary and useful for Eaucentrix to formulate, make, have made, and use the Proprietary Formula and the Proprietary Equipment.

Related to Proprietary Formula

  • Proprietary product means a manufactured component or other product that is produced by a private person. It may be protected by patent, trademark or copyright.

  • Proprietary Technology means the technical innovations that are unique and

  • Proprietary school means a school that uses a certain plan or method to teach a trade, occupation, or vocation for a consideration, reward, or promise of any kind. Proprietary school includes, but is not limited to, a private business, trade, or home study school. Proprietary school does not include any of the following:

  • Proprietary Data means Data embodying trade secrets developed at private expense or commercial or financial information that is privileged or confidential, and that includes a restrictive notice, unless the Data is: a. known or available from other sources without restriction; b. known, possessed, or developed independently, and without reference to the Proprietary Data; c. made available by the owners to others without restriction; or d. required by law or court order to be disclosed.

  • Proprietary Items as defined in Section 7.2(a)(iv).