Examples of Rice Intellectual Property in a sentence
Licensee shall comply with all prevailing laws, rules and regulations pertaining to the development, testing, manufacture, marketing, sale, use, import or export of Rice Intellectual Property and Rice Licensed Product(s).
Licensee and Rice agree that Licensee shall not assert Rice Intellectual Property infringement claims against not-for-profit research institutions for activities related to research, teaching, education, or academic purposes.
After expiration of the Negotiation Period, Sponsor shall have no further rights to Rice Intellectual Property.
Sponsor shall have ninety (90) days from the date of written notification to Rice of its intention to license the Rice Intellectual Property to negotiate a license agreement with Rice (“Negotiation Period”).
If Licensee becomes Insolvent, Rice’s proportionate share of all payments then or thereafter due and owing to Licensee from its sublicensees for the sublicense of the Rice Intellectual Property Rights shall upon notice from Rice to any such sublicensee become payable directly to Rice for the account of Licensee; provided however, that Rice shall remit to Licensee the amount by which such payments exceed the amounts owed by Licensee to Rice.
By way of example but not of limitation, Rice makes no representations or warranties (i) of commercial utility, (ii) of merchantability or fitness for a particular purpose, or (iii) that the use of the Rice Intellectual Property, or Rice Licensed Product(s) will not infringe any patent, copyright, trademark, or other proprietary or property rights of others.
Rice retains the right, exercisable in the sole discretion of Rice and upon advance notice to Licensee, to grant non-exclusive licenses under the Rice Intellectual Property in the Field of Use to third parties as a means to resolve disputes or settle claims, suits or proceedings arising out of allegation that the Rice Intellectual Property infringes upon the intellectual property rights of the third party.
Without limiting the forgoing, it is understood that Rice Intellectual Property and Rice Licensed Product(s) may be subject to United States export laws and regulations.
To the knowledge of Rice, the use of the Rice Intellectual Property by Rice and its Subsidiaries in the operation of the business of each of Rice and its Subsidiaries as presently conducted does not infringe upon or misappropriate any Intellectual Property of any other Person, except for such matters that have not had and would not be reasonably likely to have, individually or in the aggregate, a Rice Material Adverse Effect.
Rice grants to Licensee an Exclusive License, under Rice Intellectual Property to make, have made, use, offer for sale, sell, lease or otherwise transfer Rice Licensed Product(s) in the Field of Use in the Territory during the Term of Agreement subject to Rice’s rights set forth in Section 2.3 and to any Federal Government Interest reserved or granted to the Government of the United States or to a foreign state pursuant to an existing or future treaty with the United States as a matter of law or statute.