Effect of Termination on Fully-Paid Licenses. If the Royalty Term with respect to a Product for any Program in any country has expired on or before any termination of this Agreement in its entirety or as to such Program, the License with respect to such Product in such country, as well as the applicable Aurigene Territory License, shall survive such termination of this Agreement.
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Samples: Collaboration, License and Option Agreement (Curis Inc), Collaboration, License and Option Agreement, Collaboration, License and Option Agreement (Curis Inc)
Effect of Termination on Fully-Paid Licenses. If the Royalty Term with respect to a Licensed Product for any Program in any country has expired on or before any termination of this Agreement in prior to its entirety or as to such Programexpiration, the License with respect to grants in Section 2.1 for such Licensed Product in such country, as well as the applicable Aurigene Territory License, country shall survive such termination of this AgreementAgreement on a non-exclusive, fully-paid, royalty-free, irrevocable and perpetual basis; provided that such grants shall not survive in the event this Agreement is terminated pursuant to Section 9.2.4.
Appears in 2 contracts
Samples: License Agreement (PhaseBio Pharmaceuticals Inc), License Agreement (PhaseBio Pharmaceuticals Inc)
Effect of Termination on Fully-Paid Licenses. If the Royalty Term with respect to a Licensed Product for any Program in any country has expired on or before any termination of this Agreement in prior to its entirety or as to such Programexpiration, the License with respect to grants in Section 2.1 and Section 2.7 for such Licensed Product in such country, as well as the applicable Aurigene Territory License, country shall survive such termination of this AgreementAgreement on a non-exclusive, fully-paid, royalty-free, irrevocable and perpetual basis; provided that such grants shall not survive in the event this Agreement is terminated pursuant to Section 10.2.3.
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