Common use of Early Termination by Company Clause in Contracts

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to University of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) terminating all Sublicense Agreements and causing all Affiliates and Sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products; and (d) paying all amounts owed to University under this Agreement between University and Company related to the Patent Rights, through the effective date of termination.

Appears in 2 contracts

Samples: Patent License Agreement (BullFrog AI Holdings, Inc.), Patent License Agreement (BullFrog AI Holdings, Inc.)

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Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to University of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) terminating all Sublicense Agreements sublicenses and causing all Affiliates and Sublicensees sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products; and (d) paying all amounts owed to University under this Agreement between University and Company related to the Patent Rights, through the effective date of termination.

Appears in 1 contract

Samples: Patent License Agreement (Hoth Therapeutics, Inc.)

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Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to University of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) terminating all Sublicense Agreements sublicenses and causing all Affiliates and Sublicensees sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products; and (d) paying all amounts owed to University under this Agreement and any Sponsored Research Agreement between University and Company related to the Patent Rights, through the effective date of termination.

Appears in 1 contract

Samples: Patent License Agreement (Protea Biosciences Group, Inc.)

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