Examples of Licensor Party in a sentence
Each Licensor Party other than Licensor is an express third party beneficiary of this Agreement.
For the purposes hereof, “Licensor Channels” shall be defined as any of the following operating under the Licensed Property and/or any intellectual property owned and/or controlled by Licensor or any Licensor Party: (A) retail stores; (B) direct marketing, direct mail, mail order and/or catalogs; and (C) digital commerce channels (e.g., electronic, mobile and/or Internet-based shopping platforms such as websites and applications), whether now known or hereafter devised.
To the maximum extent permitted by applicable law, the Licensor Parties shall not be liable for any loss of profits or any indirect, incidental, consequential, special, punitive, or exemplary damages arising out of or in connection with this Agreement, the Software, even if a Licensor Party has been advised of the possibility of such damages.
Should any Licensor Party be named as a defendant in any suit brought against Licensee in connection with or arising out of an event covered by the foregoing indemnity, Licensee shall pay to Licensor or such Licensor Party its costs and expenses incurred in such suit, including, without limitation its actual professional fees such as appraisers’, accountants’, and attorney’s fees.
In the event that such Licensor Party is not permitted under Law to terminate this Agreement such that the licenses with respect to all the Patent Rights under this Agreement are terminated, then the Parties agree to construe this provision to permit such Licensor Party to terminate only the licenses to that portion of such Patent Rights with respect to which such Licensor Party may terminate consistent with Law.