Duration Recapture Sample Clauses
The 'Duration; Recapture' clause defines the length of time an agreement or specific rights granted under the contract will remain in effect, and outlines the conditions under which those rights may revert, or be 'recaptured,' by the original owner. Typically, this clause specifies a fixed term for the license or grant, after which the rights automatically return to the grantor, or it may allow for early recapture if certain conditions are met, such as non-use or breach. Its core function is to provide both parties with clarity regarding the temporal limits of the agreement and to protect the original owner’s interests by ensuring they can regain control of their rights after a set period or upon specific triggers.
Duration Recapture. 30 Section 9.1. Duration .....................................................................................................30 Section 9.2. Survival ......................................................................................................31 Section 9.3. Recapture ...................................................................................................31 Section 9.4. Recapture Payment ...................................................................................31 ARTICLE X. INDEMNIFICATION .............................................................................................32 Section 10.1. [***] ............................................................ Error! Bookmark not defined. Section 10.2. [***] ............................................................ Error! Bookmark not defined. Section 10.3. Indemnification Procedures. ....................................................................32 Section 10.4. Additional Indemnification Provisions. ..................................................34 Section 10.5. No Duplication of Indemnity ....................................................................35 ARTICLE XI. TAXES...................................................................................................................35 Section 11.1. Withholding ...............................................................................................35 Section 11.2.
Duration Recapture. 29 Section 9.1. Duration ................................................................................................... 29 Section 9.2. Survival ................................................................................................... 30 Section 9.3. Recapture; Termination ........................................................................... 30 Section 9.4.
Duration Recapture