Examples of QMT Compound in a sentence
QMT shall own all right, title and interest in the copyright, patent, trademark, trade secret or other intellectual property rights in the QMT Compound or any Improvements which are conceived or reduced to practice by QMT or BASF.
QMT will have and retains sole and exclusive title to all inventions, developments, improvements, discoveries and Know-how relating to the QMT Compound and Improvements which are made, conceived or reduced to practice by QMT or by BASF, or by Affiliates, employees, consultants, agents or other Persons acting under its authority of either BASF or QMT in the course of or as a result of this Agreement.
The fund cannot, in a proper exercise of its fiduciary duty, make investment decisions that are aimed at avoiding having to rely a guarantee which the municipality agreed to provide.
In the event that a Third Party asserts or alleges that the QMT Compound infringes a patent or other proprietary right of such Third Party, QMT shall assume the defense of such claim and shall indemnify BASF for all damages incurred by it as a result of such claim.
A person may claim compensation if the person incurs loss because of the exercise, or purported exercise, of a power by or for an authorised person including a loss arising from compliance with a requirement made of the person under this part.
In any calendar year, BASF’s liability hereunder shall not exceed the sum of all Distribution Fees paid to QMT in such calendar year except to the extent that such liability, damage, loss or expense is directly attributable to the gross negligence or intentional misconduct of BASF or to product liability claims for Actives, QMT Compound, or Cosmetic Product Formulations which are directly based on the acts or omissions of BASF.
In the event that a Third Party asserts or alleges that a Licensed Product manufactured or sold by BASF or its Affiliates infringes a patent or other proprietary right of such Third Party, except if such Licensed Product is the QMT Compound, BASF shall assume the defense of such claim at its sole cost.
Further, in the event BASF sells Actives or the QMT Compound to a Third Party solely for use by BASF to produce a Cosmetic Product Formulation to be sold to such Third Party, QMT shall be paid a Distribution Fee on Net Revenues of the Active or QMT Compound sale, not thesale of the Cosmetic Product Formulation.
QMT may not enter into any settlement, consent judgment or other voluntary final disposition of any infringement or declaratory judgment action hereunder with respect to the QMT Compound in the Field without the prior written consent of BASF, which shall not be unreasonably withheld or delayed or conditioned.
QMT shall notify BASF of all potential infringers of its Patent Rights with respect to the QMT Compound in the Field.