Common use of Assignment of Third Party Rights; Third Party Consents Clause in Contracts

Assignment of Third Party Rights; Third Party Consents. (i) Lyra has obtained from each of its employees and agents, and from the employees and agents of its Affiliates, who are performing Development activities under the Global Development Plan for Licensed Products, rights to any and all Know-How created by such employees and agents in the course of such activities that relates to Licensed Products, such that Lian will, by virtue of this Agreement, receive from Lyra, without payments beyond those required by Article 6 (Financial Provisions), all licenses and other rights granted to Lian under this Agreement. (ii) Each Person who has or has had any ownership rights in or to any Licensed Patent Rights purported to be owned solely by Lyra, has assigned and has executed an agreement assigning its entire rights, title, and interests in and to such Licensed Patent Rights to Lyra, and to Lyra’s knowledge, no current officer, employee, agent, or consultant of Lyra or any of its Affiliates is in violation of any term of any assignment or other agreement, in each case, regarding the protection of the Licensed Patent Rights. (iii) Prior to the Effective Date, Lyra has obtained all consents from Third Parties necessary to xxxxx Xxxx the licenses and rights Lyra purports to grant to Lian under this Agreement.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Lyra Therapeutics, Inc.), License and Collaboration Agreement (LianBio)

AutoNDA by SimpleDocs

Assignment of Third Party Rights; Third Party Consents. (i) Lyra Landos has obtained from each of its employees and agents, and from the employees and agents of its Affiliates, who are performing Development activities under the Global Development Plan for Licensed Products, rights to any and all Know-How created by such employees and agents in the course of such activities that relates to Licensed Products, such that Lian will, by virtue of this Agreement, receive from LyraLandos, without payments beyond those required by Article 6 (Financial Provisions), all licenses and other rights granted to Lian under this Agreement. (ii) Each Person who has or has had any ownership rights in or to any Licensed Patent Rights purported to be owned solely by LyraLandos, has assigned and has executed an agreement assigning its entire rights, title, and interests in and to such Licensed Patent Rights to LyraLandos, and to Lyra’s knowledge[***], no current officer, employee, agent, or consultant of Lyra Landos or any of its Affiliates is in violation of any term of any assignment or other agreement, in each case, regarding the protection of the Licensed Patent Rights. (iii) Prior to the Effective Date, Lyra Landos has obtained all consents from Third Parties necessary to xxxxx gxxxx Xxxx the licenses and rights Lyra Landos purports to grant to Lian under this Agreement.

Appears in 1 contract

Samples: License and Collaboration Agreement (Landos Biopharma, Inc.)

Assignment of Third Party Rights; Third Party Consents. (i) Lyra Licensor has obtained from each of its employees and agents, and from the employees and agents of its Affiliates, who are performing Development activities under the Global Development Plan for Licensed Products, rights to any and all Know-How created by such employees and agents in the course of such activities that relates to Licensed Products, such that Lian will, by virtue of this Agreement, receive from LyraLicensor, without payments beyond those required by Article 6 (Financial Provisions), all licenses and other rights granted to Lian under this Agreement. (ii) Each Person who has or has had any ownership rights in or to any Licensed Patent Rights purported to be owned solely by LyraXxxxxxxx, has assigned and has executed an agreement assigning its entire rights, title, and interests in and to such Licensed Patent Rights to LyraLicensor, and to Lyra’s knowledge[***], no current officer, employee, agent, or consultant of Lyra Licensor or any of its Affiliates is in violation of any term of any assignment or other agreement, in each case, regarding the protection of the Licensed Patent Rights. (iii) Prior to the Effective Date, Lyra Licensor has obtained all consents from Third Parties necessary to xxxxx Xxxx the licenses and rights Lyra Licensor purports to grant to Lian under this Agreement.

Appears in 1 contract

Samples: License and Collaboration Agreement (LianBio)

AutoNDA by SimpleDocs

Assignment of Third Party Rights; Third Party Consents. (i) Lyra Landos has obtained from each of its employees and agents, and from the employees and agents of its Affiliates, who are performing Development activities under the Global Development Plan for Licensed Products, rights to any and all Know-How created by such employees and agents in the course of such activities that relates to Licensed Products, such that Lian will, by virtue of this Agreement, receive from LyraLandos, without payments beyond those required by Article 6 (Financial Provisions), all licenses and other rights granted to Lian under this Agreement. (ii) Each Person who has or has had any ownership rights in or to any Licensed Patent Rights purported to be owned solely by LyraLandos, has assigned and has executed an agreement assigning its entire rights, title, and interests in and to such Licensed Patent Rights to LyraLandos, and to Lyra’s knowledge[***], no current officer, employee, agent, or consultant of Lyra Landos or any of its Affiliates is in violation of any term of any assignment or other agreement, in each case, regarding the protection of the Licensed Patent Rights. (iii) Prior to the Effective Date, Lyra Landos has obtained all consents from Third Parties necessary to xxxxx Xxxx the licenses and rights Lyra Landos purports to grant to Lian under this Agreement.

Appears in 1 contract

Samples: License and Collaboration Agreement (LianBio)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!