Versatility Technology definition

Versatility Technology means the computer software specified in Exhibit A hereto owned or distributed by Versatility, any Updates, Natural Successors and translations or localizations of the Versatility Technology. Unless otherwise specified, "Versatility Technology" shall include Source Materials, Object Materials and Documentation.
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Examples of Versatility Technology in a sentence

  • Other than as licensed herein, Versatility shall retain all right, title and interest to the Versatility Technology, including the Intellectual Property Rights.

  • Versatility warrants that the Versatility Technology will perform the functions, and comply in all material respects with the specifications, described in the specifications identified in the Documentation when operated on the appropriate hardware/operating system environment.

  • In consideration for the rights granted by Versatility to Oracle under this Agreement, Oracle will pay to Versatility a fee equal to 30% of the Net Fees Oracle receives for Sublicenses of the Versatility Technology ("Sublicense Fees") until the earlier of (i) six years from the Effective Date of this Agreement or (ii) the payment by Oracle of a total of Twelve Million Dollars ($12,000,000) in Sublicense Fees.

  • Versatility grants to Oracle a worldwide, royalty-free license to grant, at no charge, trial sublicenses of the Object Materials and Documentation of the Versatility Technology, consistent with Oracle's policies for granting trial licenses for its own programs.

  • Versatility shall deliver a complete set of the Versatility Technology to Oracle on the Effective Date of this Agreement and shall deliver all Updates of the Versatility Technology until December 31, 1999 promptly upon completion and in no event later than when such Updates are delivered to any other licensee.

  • Oracle shall retain all right, title and interest to the Intellectual Property Rights in any modifications, extensions or derivative works of the Versatility Technology that Oracle develops or has developed on its behalf.

  • Versatility shall develop and deliver the modifications to the Versatility Technology specified on Exhibit B (the "Deliverables") within the timeframes specified on Exhibit B.

  • Versatility grants Oracle the right to license, sublicense and authorize Distributors to market and sublicense the Object Materials and Documentation of the Versatility Technology under the terms of this Agreement, including the right to license, sublicense and authorize other distributors to exercise the same rights.

  • Thereafter, the licenses granted to Oracle to the Versatility Technology under this Agreement shall be deemed to be royalty-free and fully paid-up.

  • Nothing in this Agreement shall be construed to preclude either party from developing, using, marketing, licensing, and/or selling any independently developed software which has the same or similar functionality as Versatility Technology or any other products, so long as such activities do not breach any of the other provisions of this Agreement or infringe the Intellectual Property Rights of the other party.

Related to Versatility Technology

  • Program Technology means Program Know-How and Program Patents.

  • Licensor Technology means the Licensor Patents and the Licensor Know-How.

  • Third Party Technology means any Patents, Information, inventions, or other intellectual property owned or controlled by a Third Party but not Controlled by a Party or its Affiliates.

  • Licensee Technology means the Licensee Know-How and Licensee Patents.

  • Customer Technology means Customer's proprietary technology, including Customer's Internet operations design, content, software tools, hardware designs, algorithms, software (in source and object forms), user interface designs, architecture, class libraries, objects and documentation (both printed and electronic), know-how, trade secrets and any related intellectual property rights throughout the world (whether owned by Customer or licensed to Customer from a third party) and also including any derivatives, improvements, enhancements or extensions of Customer Technology conceived, reduced to practice, or developed during the term of this Agreement by Customer.