Units Licensed definition
Examples of Units Licensed in a sentence
If a Licensing Model for a Software Module is not listed on an Purchase Document or in the Module Licensing Description, the Licensing Model shall be deemed to be “Named User.” The Purchase Document will also specify the number of Units Licensed, where applicable.
The Parties agree that royalties shall be paid only upon Product Units, Licensed Services and Licensed Methods which are covered in the country of their manufacture, use or sale by a Licensed Patent.
If a Licensing Model for a Software Module is not listed on a Purchase Document or in the Module Licensing Description, the Licensing Model shall be deemed to be “Named User.” The Purchase Document will also specify the number of Units Licensed, where applicable.
LICENSOR agrees not to grant to any other party any option, license or other right under the Licensed Patents to make, have made, use or sell Product Units, Licensed Services and Licensed Methods during the period of the exclusive license herein granted.
The Parties recognize that during the term of this Agreement, LICENSEE may confer and consult freely with the Inventors in furtherance of the development and testing of Product Units, Licensed Services and Licensed Methods, in accordance with such arrangements as they may make among themselves.
LICENSEE shall have no right to use the names or other designation of THE UNIVERSITY OF COLORADO or the Inventors in connection with any sales or promotion of Product Units, Licensed services and Licensed Methods, as the case may be without the express written consent of the University of Colorado or the Inventors, as the case may be.
LICENSEE shall have no right to use the names or other designation of THE UNIVERSITY OF COLORADO or the Inventors in connection with any sales or promotion of Product Units, Licensed services and Licensed Methods, as the case may be without the express written consent of the Institution or the Inventors, as the case may be.