SB IP definition

SB IP means any and all data, substances, processes, materials, formulae, know-how, patents, and inventions which are owned by SB or with respect to which SB has a right to grant a license but shall not include SB Diagnostic IP and SB Technology IP.
View Source

Examples of SB IP in a sentence

  • The IP included in the Seller’s IP together with the IP rights set forth SB IP License provide all the IP that is necessary for Buyer to conduct the Business immediately after the Closing in the same manner as it is being conducted immediately prior to Closing.

  • Except with respect to any terms in the SB IP License, each item of Seller’s IP owned or exploited by Seller immediately prior to the Closing will be owned or available for exploitation by Buyer on identical terms and conditions immediately after the Closing.

  • In the event Licensee sells Devices incorporating one or more different Sonics IP Cores (e.g., an SB IP Core and a Synapse 3220 IP Core), Licensee shall only have to pay a royalty equal to the highest royalty rate from any one (1) IP Core incorporated in such Devices.