WINDFALL AGREEMENT definition
WINDFALL AGREEMENT means an agreement that transfers rights to one or more LICENSABLE INVENTIONS to one or more entities other than INVERSE or LICENSEE.
Examples of WINDFALL AGREEMENT in a sentence
The election by INVERSE to receive payment under any WINDFALL AGREEMENT or to continue receiving royalty payments as set forth herein shall be made in good faith and within a reasonable time afterreceipt by INVERSE of written notice from the LICENSEE of the proposed terms and conditions of any such pending sale or licensing transaction.