Common use of Exclusive License Grant Clause in Contracts

Exclusive License Grant. Subject to the terms and conditions of this Agreement, Licensee hereby grants to Takeda an exclusive, sublicensable (subject to Section 3.3 (Sublicensing)), royalty-bearing right and license under the Licensee Technology and Licensee’s interest in the Joint Technology to Exploit the TAK-385 Licensed Compound and TAK-385 Licensed Products in the Field in the Takeda Territory.

Exclusive License Grant. Subject to the terms and conditions of this AgreementAgreement (including Section 3.5.1 (Takeda Retained Rights)), Licensee Takeda hereby grants to Takeda Licensee an exclusive, sublicensable (subject to Section 3.3 (Sublicensing)), royalty-bearing right and license under the Licensee Takeda Technology and LicenseeTakeda’s interest in the Joint Technology to Exploit the TAK-385 Licensed Compound Compounds and TAK-385 Licensed Products in the Field in the Takeda Licensee Territory.