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, AgeX shall provide BioTime with a written inventory of all AgeX Products in process of manufacture, in use or in stock. AgeX may dispose of any such AgeX Products within the [***] period following such expiration or termination, provided, however, that AgeX shall pay royalties and render reports to BioTime thereon in the manner specified herein.

Appears in 4 contracts

Samples: Sublicense Agreement, Sublicense Agreement (AgeX Therapeutics, Inc.), Sublicense Agreement (AgeX Therapeutics, Inc.)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: License Agreement (AgeX Therapeutics, 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!