Examples of Acquired Technology in a sentence
In the event that Introgen proposes to acquire such technology and offer to Gendux to include the same within the Licensed Technology hereunder ("Acquired Technology"), Introgen shall disclose the same to Gendux, including any royalty or other payment obligations that would apply to the exercise of Gendux's license hereunder.
The Seller Parties are engaged, in part, in the business of inventing, researching, developing, manufacturing and/or marketing the Acquired Technology for sale anywhere in the world (the “Business”, it being clarified that KNE’s entire business shall be included in such definition).
None of the Inventory included in the Acquired Assets contains any material defect in design or materials that would materially and adversely affect the use, functionality or performance of such Inventory or the Acquired Technology.
No event has occurred, and no circumstance or condition exists, that (with or without notice or lapse of time) will, or could reasonably be expected to, result in the delivery, license, or disclosure of any source code for any Acquired Technology to any other person who is not, as of the date of this agreement, an employee of the Seller Parties or KNE.
Except as set forth on Schedule 3.6(l) of the Company Disclosure Schedule, there are no royalties, fees, honoraria or other payments payable by the Seller Parties or KNE to any Person by reason of the ownership, development, use, license, sale or disposition of Intellectual Property Rights or Acquired Technology, other than salaries and sales commissions paid to employees and sales agents in the ordinary course of business.