Technical Sale definition

Technical Sale means the permanent transfer of ownership in the Software from the Seller to the Buyer as provided in the applicable Schedule(s).
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Examples of Technical Sale in a sentence

  • With respect to each Technical Sale or Technical Licensing Schedule, each party’s and its Affiliates’ total, aggregate liability arising out of or related to this Agreement will not exceed the Fees paid by Buyer within the 12 months before the first incident out of which the liability arose.

  • For avoidance of doubt to the extent that the technologies subject to this Technical Sale are subject to an existing Technical Licensing or Services Schedule, seller shall maintain the right to continue such transaction until such Schedule expires or is terminated in accordance with the Agreement.

  • With respect to Technical Sale, Seller warrants to Buyer that: (a) the Software will materially perform the functions described in the applicable Schedules based on the provided Documentation, (b) all Documentation has been provided or made available to Buyer, and (c) as delivered to the Buyer the Software does not infringe the rights of any third party.

  • Except for a Technical Sale Schedule, each Schedule shall specify a term.

  • Under a Technical Sale Schedule Buyer takes ownership of all intellectual property identified on the Schedule and Seller shall take all actions reasonably required to ensure such ownership interest is perfected.