Technological Assets definition
Examples of Technological Assets in a sentence
Except for Contracts listed in Schedules 1.1(d) and 2.11(b), there are no contracts, agreements, licenses and other commitments and arrangements in effect with respect to the marketing, distribution, licensing, or promotion of the Technological Assets, or any other Inventory, the Technical Documentation, or the Intellectual Property by any independent salesperson, distributor, sublicensor, or other remarketer or sales organization.
Other than as set forth on Schedule 2.7(d), no claims have been asserted by any person or entity to the use of the Technological Assets or the Intellectual Property, and to MediaTel’s Knowledge, there is no valid basis for any such claim.
Except for the potential infringement claims disclosed in Schedule 2.7(d), the use of the Technological Assets or the Intellectual Property by the Seller does not infringe on the rights of any person.
The Technical Documentation also includes any programs owned or licensed by the Seller (including compilers), “workbenches,” tools and higher level (or “proprietary”) language used for the development, maintenance and implementation of the Technological Assets.
Technological Assets, or justify other thank, the Technical Documentation, or the Intellectual Property could any independent salesperson, distributor, sublicensor, or other remarketer or sales organization.
Where such income is a dividend paid by a company which is a resident of Lebanon to a company which is a resident of Cyprus the credit shall take into account (in addition to any Lebanese tax on dividends) the Lebanese tax payable in respect of its profits by the company paying the dividends.
Seller shall deliver to Buyer an opinion of legal counsel, in form satisfactory to the Buyer and its legal counsel, confirming the validity and enforceability of the Seller's Technological Assets, Intellectual Property Rights and Trade Secrets and the legal capacity of the Seller to convey such rights and Assets to the Buyer free and clear of liens or claims of third parties.