Third Party Technology definition
Examples of Third Party Technology in a sentence
In the event of a conflict with the terms of the Order; the Third-Party Terms prevail with respect to Third- Party Technology.
ARS shall have the first right, but not the obligation, to negotiate and obtain a license to any such Third Party Technology applicable to both inside and outside the Company Territory, and shall use Commercially Reasonable Efforts to obtain the right to sublicense such Third Party Technology to Company in the Field in the Company Territory on commercially reasonable terms.
If GenFleet enters into any agreement to acquire rights (whether by license or otherwise) to any Third Party Technology pursuant to this Section 2.6.2 (Prior to Option Exercise): (a) GenFleet will disclose the terms and conditions of any such agreement to Verastem promptly after execution of such agreement; and (b) such Third Party Technology will be deemed part of the GenFleet Technology and GenFleet will be responsible for all payments payable to such Third Party thereunder.
If ARS obtains such a license to Third Party Technology, ARS will promptly disclose to Company a complete copy of applicable license agreement, provided that ARS may redact any confidential information contained therein that is not relevant to the grant of rights to Company hereunder.
If, as of the Effective Date or during the Term, Company has licensed from any Third Party any Third Party Technology that, if Controlled by Company, would be Company Background IP, such Third Party Technology shall not be deemed “Controlled” by Company (nor, for clarity, shall such Third Party Technology be Company Background IP) unless and until ARS accepts a sublicense thereunder, and agrees to comply with the applicable terms and conditions thereunder pursuant to this Section 2.10(c).