Residual Seller IP

Example Definitions of "Residual Seller IP"
Residual Seller IP. Means any and all IP, other than the Intellectual Property, necessary for the conduct of the Business as presently conducted, and owned by, or licensed to, Licensor or an Affiliate of Licensor as of the Effective Date; provided, however, that Residual Seller IP includes IP licensed to Aether or an Affiliate of Aether by a third party only to the extent such IP is (i) set forth on Exhibit A and (ii) Aether or such Affiliate of Aether has the rights to grant the licenses granted in this Agreement... without any further obligations (including any payment obligations) to the licensor of such IP and would be limited to the terms and conditions of such third-party agreement. For the avoidance of doubt, Residual Seller IP shall include rights in Licensor's "ASOP" product. View More
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