Common use of Disposition of Licensed Products on Hand Clause in Contracts

Disposition of Licensed Products on Hand. Upon expiration or termination of this Agreement by either party, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 5 contracts

Samples: Exclusive License Agreement (Yumanity Therapeutics, Inc.), Exclusive License Agreement, Exclusive License Agreement

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Disposition of Licensed Products on Hand. Upon expiration or termination of this Agreement by either party, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use use, or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 3 contracts

Samples: Exclusive License Agreement, Exclusive License Agreement, Exclusive License Agreement

Disposition of Licensed Products on Hand. Upon expiration or termination of this Agreement by either partyparty pursuant to section 13.1 or 12.1, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 2 contracts

Samples: Exclusive License Agreement (Reata Pharmaceuticals Inc), Exclusive License Agreement (Reata Pharmaceuticals Inc)

Disposition of Licensed Products on Hand. Upon expiration or termination of this Agreement by either partyParty, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 1 contract

Samples: Patent License Agreement (Sintx Technologies, Inc.)

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Disposition of Licensed Products on Hand. Upon expiration or termination of this Agreement by either partyParty, Licensee shall provide Licensor with a written inventory of all Licensed licensed Products in process of manufacture, in use or in stock. Licensee may continue to sell or may dispose of any such Licensed Products within the ninety for a six (906) day calendar month period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 1 contract

Samples: Exclusive License Agreement (Flex Pharma, Inc.)

Disposition of Licensed Products on Hand. β€Œ Upon expiration or termination of this Agreement by either party, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use use, or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

Appears in 1 contract

Samples: Exclusive License Agreement

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