Examples of Prior Rights in a sentence
Prior Knowledge and Prior Rights shall remain the sole property of the Partner to whom they belong and will be only used by the other Partners, within the framework of the Project incumbent to these Partners.
Should a Party have failed to inform the other prior to the launch of the Project, it may still inform the other Party, to the extent possible and to the best of its knowledge, prior to the actual use of such Prior Rights.
To the extent possible and to the best of their knowledge, the Parties shall mutually inform one another in writing of the existence of any Prior Rights that may be Needed by the Parties for the performance of the Project or the use or exploitation of the Project Results prior to the Effective Date.
In this case the other Party may object against the use of such Prior Rights within a reasonable amount of time of not more than fourteen days upon notification.
Said security interest shall be subject and subordinate to the Prior Rights, but (provided Guarantor takes the necessary steps to perfect its security interest in the Film) shall have priority over any other rights or security interests of any other person, company or entity other than the Prior Rights in or with respect to the Collateral, including deferments, gross receipts or net profit participations.