Assay License Clause Samples

An Assay License clause grants permission to use specific intellectual property, technology, or materials for the purpose of conducting assays, which are analytical tests or measurements. This clause typically outlines the scope of the license, such as whether it is exclusive or non-exclusive, the permitted uses (e.g., research, development, or commercial testing), and any restrictions on sublicensing or transfer. By clearly defining the rights and limitations associated with assay-related activities, the clause ensures that both parties understand the extent of authorized use and helps prevent unauthorized exploitation or infringement of proprietary assets.
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Assay License. Millennium hereby grants to Sunesis a fully-paid, royalty-free worldwide, non-exclusive, perpetual, irrevocable license under Millennium’s rights in the assays set forth on Exhibit 1.44 for use by Sunesis solely to comply with Sunesis’s obligations under this Agreement.
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Related to Assay License

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