WT definition
Examples of WT in a sentence
WT grants Licensee a non-exclusive, non-transferable, perpetual license to use the Licensed Products and to provide access to the Licensed Products electronically via the Internet only to Authorized Users at Authorized Sites or via Remote Access in accordance with the terms and conditions of this Agreement.
Licensee acknowledges and agrees that all right, title and interest in and to the Licensed Products, including all copyright and other intellectual property rights under United States and international laws, remain with WT and its licensors.
In the event that the number of Authorized Users substantially increases due to Licensee’s acquisition of or merger with another company or organization or any other cause, Licensee shall promptly give notice of such increase to WT.
In the event that Licensee becomes aware of any unauthorized use of the Licensed Products by way of Licensee’s IP addresses, servers or other facilities, Licensee shall promptly give notice to WT of such unauthorized use and make all reasonable efforts to eliminate such unauthorized use.
WT may, at its expense, inspect Licensee’s Records and the equipment used by Licensee to access the Licensed Products in order to verify Licensee’s compliance with the terms and conditions of this Agreement (“Inspection”), provided that such Inspection occurs not more frequently than once per twelve- month period and upon at least five (5) business days written notice.