Examples of Licensed Invention in a sentence
The license granted in Section 4.1 shall be exclusive to MSS, except that the University retains the right to practice and use any Licensed Invention for its own internal research purposes and in carrying out any of its responsibilities under Section 3.2 above.
Royalties payable by Ambrx to Institute under Section 7.3 shall be paid on an Licensed Product-by-Licensed Product and country-by-country basis until the later of (i) 10 years after first commercial sale of the applicable Licensed Product in such country, and (ii) expiration in such country of the last Valid Claim of the last-to-expire Licensed Invention with claims that cover such Licensed Product (the “Royalty Term”).
Sherwood is desirous of securing, and Licensor is willing to grant to Sherwood, a non-exclusive license to make, have made for it, use and/or sell in the hereinafter defined Licensed Territory, the Licensed Invention under said Licensed Patent Application and/or utilizing any know-how heretofor developed by Licensor relating to the Licensed Invention, all upon the terms and conditions hereinafter provided.
However, Sherwood and any Related Companies shall thereafter have a fully paid-up, royalty-free non-exclusive license to make, have made for it, use and/or sell the Licensed Invention and any other invention claimed in the Licensed Patent Rights without limitation.
Specifically, no interests are intended to be created for any customer, patient, research subjects, or other persons (or their relatives, heirs, dependents, or personal representatives) by or upon whom the Licensed Invention may be used.