Webcat Technology definition
Webcat Technology means all software, source code, object code, text, graphics, data structures, or other content at present utilized or to be utilized in the future, on or in connection with the Webcat web site located at the URL www.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇ any other related or successor web sites (the "Webcat Sites"); and (b) "Intellectual Property" shall mean all rights in and to any copyrights, patents, trademarks, trade secrets, confidential information and all other property rights that are legally cognizable now or in the future are embodied in the Webcat Technology. The parties agree that all Intellectual Property shall be jointly and equally owned by WebCat and Purchaser, whether created by Webcat or Purchaser individually or jointly. Accordingly, each of Webcat and Purchaser hereby unconditionally and irrevocably assigns to the other, an undivided right, title and interest that they may hold now or may acquire in the future, in and to the Intellectual Property, such that each such party will own and continue to own jointly an undivided and unrestricted 50% interest in and to the Intellectual Property. In the event that either such party has any rights in and to any Intellectual Property that cannot be assigned as provided herein, then such party hereby grants to the other, and its respective successors and assigns, an unconditional, non-exclusive, worldwide, royalty-free, fully paid license or sublicense to use such Intellectual Property without restriction. The term of such license will be the duration of the party's rights in the Intellectual Property which are unassignable to the other. In the event that a party has any rights in and to any Intellectual Property that cannot be assigned, licensed or sublicensed to the other, such party hereby irrevocably and unconditionally waives the enforcement of all such rights, and all claims and causes of action of any kind with respect to any of the foregoing against the other, its distributors, customers, clients or other licensees, whether now known or hereafter to become known and agree at the request of the other party and its respective successors and assigns, to consent to and join in any action to enforce such rights and to procure a waiver of such rights from the holders of such rights. It is expressly agreed that any software or other materials, content or information that Purchaser has developed or will develop in the future, which is not used on or in connection with the Webcat Sites, is not considered to be Webca...
Examples of Webcat Technology in a sentence
It is expressly agreed that any software or other materials, content or information that Purchaser has developed or will develop in the future, which is not used on or in connection with the Webcat Sites, is not considered to be Webcat Technology and will remain the sole property of Purchaser.