Common use of Disposition of Inventory Clause in Contracts

Disposition of Inventory. AOI may, after the effective date of termination and continuing for a period of six (6) months thereafter, sell all completed Licensed Products, as well as any Licensed Products in the process of manufacture at the time of such termination, provided that AOI shall pay to Procept the fees thereon as required by Article 3 of this Agreement and shall submit the reports required by Section 3.9 hereof on the sales of Licensed Product.

Appears in 4 contracts

Samples: Sublicense Agreement, Patent License Agreement (Paligent Inc), Sublicense Agreement (Keryx Biopharmaceuticals Inc)

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