AI
Friday, February 14, 2014 3:11:47 PM
"irrevocable"
NeoMedia's license of Scanbuy/MFR patents is irrevocable.
Thanks Woven for the link and the reminder.
http://www.sec.gov/Archives/edgar/data/1022701/000114420409053757/v163276_ex10-1.htm
2.2. Subject to the terms and conditions of this Agreement, and for the consideration recited herein, Scanbuy grants to NeoMedia (a) a paid-up, irrevocable, non-exclusive license under the Scanbuy Licensed Patents within the Territory and (b) a paid-up, non-exclusive sublicense under the MFR Asserted Patent as well all of the patents of MFR licensed to Scanbuy (collectively, “MFR Licensed Patents”), for all systems and methods, in whole or in part, made, used, offered for sale, sold or imported in the United States by which a cellular/mobile device is used or can be used to read or enter bar codes or other machine readable codes to access content or information or trigger phone functionalities. There is no right to sublicense granted herein, except that it is understood that parties contracting with NeoMedia to operate in the Territory and within the Field of Use under the rights granted herein to NeoMedia (“NeoMedia Clients”) will fall within the license and sublicense granted to NeoMedia, but such NeoMedia Clients have no rights separate and apart from those extended to NeoMedia herein.
NeoMedia's license of Scanbuy/MFR patents is irrevocable.
Thanks Woven for the link and the reminder.
http://www.sec.gov/Archives/edgar/data/1022701/000114420409053757/v163276_ex10-1.htm
2.2. Subject to the terms and conditions of this Agreement, and for the consideration recited herein, Scanbuy grants to NeoMedia (a) a paid-up, irrevocable, non-exclusive license under the Scanbuy Licensed Patents within the Territory and (b) a paid-up, non-exclusive sublicense under the MFR Asserted Patent as well all of the patents of MFR licensed to Scanbuy (collectively, “MFR Licensed Patents”), for all systems and methods, in whole or in part, made, used, offered for sale, sold or imported in the United States by which a cellular/mobile device is used or can be used to read or enter bar codes or other machine readable codes to access content or information or trigger phone functionalities. There is no right to sublicense granted herein, except that it is understood that parties contracting with NeoMedia to operate in the Territory and within the Field of Use under the rights granted herein to NeoMedia (“NeoMedia Clients”) will fall within the license and sublicense granted to NeoMedia, but such NeoMedia Clients have no rights separate and apart from those extended to NeoMedia herein.
