Definition of Technology Intellectual Property


Technology Intellectual Property means any Patent, Patent Rights or Trademark that at any applicable time after the Effective Date during the Term is Controlled by LD that is necessary or useful to make, use, sell, offer for sale, import or export the Product including without limitation Product Accessories for use in the Field within the Territory.
Sample 1

Examples of Technology Intellectual Property in a sentence

Notwithstanding the above, to the extent that any Improvements is solely created by a Party under this Agreement, without reference or use of the other Partys Technology, Intellectual Property or Confidential Information (as defined below), then such Party shall exclusively own such Improvements.
The Distributor may, only with the express written consent of the Manufacturer and at its own expense, apply for patents in any country on any discovery or invention which Distributor or its employees shall have obtained prior to the termination of this Agreement with respect to the Technology, Intellectual Property or Products.
Notwithstanding the foregoing, either Party may initiate a judicial or administrative action without first engaging in the escalation procedures described above with respect to: (a) any interim or injunctive relief with respect to a Dispute; or (b) any Dispute with respect to the Parties respective rights in any Technology, Intellectual Property Rights or Confidential Information.
The Advance shall be secured by a registered first ranking equitable mortgage in form and substance satisfactory to the Buyer for the benefit of the Buyer on the entirety of the Technology Intellectual Property (the "Collateral" and the "Mortgage"), as well as a featherweight floating charge in a form and substance satisfactory to the Buyer over all the assets of the Seller ("Featherweight Charge").
Following the Closing and if so requested by Buyer, Seller will reasonably assist Buyer at Buyer's expense in registering Buyer's rights in and to the Technology Intellectual Property with all Governmental Authorities with which Buyer shall choose to register the same, including in the preparation and submittal of all applications and other documents in connection therewith.