Trademarks definition
Examples of Trademarks in a sentence
If Licensor decides, in its sole discretion, to use the Global Trademarks, the Parties shall negotiate in good faith and, for no consideration or cost to Licensor, enter into a license agreement (a “Trademark License”), pursuant to which Licensee shall grant to Licensor a royalty-free, non-exclusive, sub-licensable license to use the Global Trademarks solely in connection with the Commercialization of the Products in the Field outside the Territory during the Term of this Agreement.
Licensee shall own all rights in the Global Trademarks developed by it and shall have the sole right (but not the obligation) to register, maintain and enforce the Global Trademarks in any country in the world as it determines appropriate, at Licensee’s own cost and expense.
Licensor shall not use the Global Trademarks except pursuant to a Trademark License.
Biodexa shall own all right, title, and interest to Product Trademarks, and shall be responsible, at its sole cost and expense, for the registration, prosecution, maintenance and enforcement thereof.
Biodexa shall have the sole right to determine the Trademarks to be used with respect to the Exploitation of Licensed Products in the Field in the Territory (“Product Trademarks”).