Option to License definition

Option to License means the option to obtain a license to Intellectual Property as described in Section 7.3 of this Agreement.
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Option to License means the right granted to Sponsor to negotiate and secure a license to one or more Inventions developed under this Agreement along with any Wistar Background Technology, as provided under Section 5.2.
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Option to License means the right granted to Sponsor to negotiate and secure an exclusive, worldwide, sublicensable license to one or more Inventions generated by the Principal Investigator, or persons working under the Principal Investigator's direct supervision, in the performance of the Sponsored Research or as a result of the analysis of Data generated under this Agreement.
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Examples of Option to License in a sentence

  • Every Evaluation Program will be furnished to Buyer "AS IS" and will not be subject to the clauses entitled "License" or "Support Services," unless and until Buyer exercises its option to license it under the paragraph entitled "Option to License" of this clause.

  • Promptly after the close of this period, Buyer shall destroy the Evaluation Program unless Buyer exercises its option under the paragraph entitled "Option to License" of this clause.

  • Once agreed, DTVC can opt for an Option to License the invention.

  • The Option to License Agreement was executed this spring, and Advanced Microcavity Sensors will have the opportunity to seek an exclusive license from MSU by April, 2016.

  • Certain minornon-material modifications to the Model Option to License may be accepted by the Town.

  • If the Board approves this Recommendation, the minutes will report as follows: The Board of Governors’ authorized the President,or hisdesignee,to contract with Repela Tech, LLC in which Zhiqiang Cao, PhD holds an equity interest, to grant Repela Tech, LLC, an Option to License the University intellectual property known as “Anti­Fouling Materials” (i) The parties involved in the contract are Wayne State University and REPELA TECH, LLC.

  • PRT has entered into an Option to License agreement (“Agreement”) with Manchester Metropolitan University (“MMU”) of Manchester, England to license a microwave technology developed as a screening system for shoes.

  • Fujikura Kasei option to license The Group signed an Option to License Agreement with Fujikura Kasei for the exclusive supply of the Group’s proprietary MK antibodies for validation in Fujikura’s latex diagnostic platform in FY2013.

  • The frequency sweeper provides a variable modulating voltage which causes the capacitance of the master oscillator to vary.

  • The above mentioned Option to License shall be exercisable by SurGene for a period of six (6) months after disclosure of any inventions and improvements, unless said option is otherwise declined by SurGene in writing.


More Definitions of Option to License

Option to License has the meaning set forth in Section 3.2.
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Option to License shall have the meaning set out in Schedule 2.
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Related to Option to License

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Exclusive License has the meaning set forth in Section 3.1.

  • License means any certificate, license, permit or grant of permission required by the laws of this state, its political subdivisions or instrumentalities as a condition for the lawful practice of any occupation, employment, trade, vocation, business, or profession. Provided, however, that "license" shall not, for the purposes of this article, include any license or permit to own, possess, carry, or fire any explosive, pistol, handgun, rifle, shotgun, or other firearm.

  • Technology License Agreement means the Technology License Agreement dated as of the date hereof between Allergan and ASTI.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Sub-License means the sub-licensing of any space in the Station Development Assets and Project Utilities in the Station Development Project, by the Station Facility Manager to any licensee, in accordance with the Station Facility Management Agreement;

  • Sublicense means any agreement to Sublicense.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • exclusive licence means a licence from the proprietor of or applicant for a patent conferring on the licensee, or on him and persons authorised by him, to the exclusion of all other persons (including the proprietor or applicant), any right in respect of the invention to which the patent or application relates, and “exclusive licensee” and “non-exclusive licence” shall be construed accordingly;

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Research License means a nontransferable, nonexclusive license to make and to use the Licensed Products or the Licensed Processes as defined by the Licensed Patent Rights for purposes of research and not for purposes of commercial manufacture or distribution or in lieu of purchase.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Retail license means one of the following licenses issued under this title:

  • Transferable development right means a right to develop and use land that

  • Business License means a license issued by the Department to a medical marijuana dispensary, grower, processor, testing laboratory, or transporter.

  • Initial license means the first permanent license granted to a qualified individual.

  • Package License means the Metric and Licensed Level applicable to each Package; a Package License for any Package referenced in Exhibit 3 shall include, and be subject to, the specific terms and Use rules applicable to such Package.

  • Driver license means a license that is issued by a state to

  • Option to Extend has the meaning given that term in Section 2.13.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Subscription License means a particular type of license to a Software Product that allow s a Customer to use the Software Product for a specified period of time identified in the Quote. For reference, a Software Product that is a Subscription License shall have the word “Subscription” in the Software Product name and/or have the letters “SU” at the end of the product number for the Software Product.

  • Company License Agreements means any license agreements granting any right to use or practice any rights under any Intellectual Property (except for such agreements for off-the-shelf products that are generally available for less than $25,000), and any written settlements relating to any Intellectual Property, to which the Company is a party or otherwise bound; and the term “Software” means any and all computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code.

  • State license means a license issued by the department that allows a person to operate a marihuana establishment.

  • Perpetual License means a license which is everlasting and valid if the software is being used in accordance with the license-agreement requirements.

  • Commercial License means any license issued to an individual or entity that is not a patient, caregiver, or transporter agent.