Exclusive License Option Sample Clauses

Exclusive License Option. 2.9 University hereby grants to Licensee an exclusive option to negotiate with University for an exclusive license(s) to future University patent rights, technical information, know-how and biological materials developed outside of the Field of Use at the University by ▇▇. ▇▇▇▇▇▇▇ ▇.▇ ▇▇▇▇, alone or with collaborators, using funding administered through the University which is provided by agencies of the U.S. Government or by not-for-profit research foundations. Said exclusive option shall commence on the date that a U.S. patent application(s) is filed by the University on behalf of ▇▇. ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ alone or together with his collaborators and shall extend for a period of twelve (12) consecutive months beginning on the date of such patent filing. Licensee shall notify University in writing of Licensee’s intention to exercise its option prior to the date of expiration of the twelve (12) months option period. The Parties shall have six (6) months (extendible on mutual agreement of the parties) beginning on the date of Licensee’s written notice advising University of Licensee’s intent to exercise its option in which to negotiate and execute a license agreement with University. 2.10 University shall, with the full cooperation and assistance of ▇▇. ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇, promptly and fully disclose to Licensee in confidence all Inventions and developments made within the Field, whether or not patented or patentable, that are conceived or reduced to practice by ▇▇. ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ either alone or together with his collaborators working at University. ▇▇.

Exclusive License Option. In the event that an Exclusive License is sold for Composition(s) outlined in this Non-Exclusive License contract, the terms agreed upon shall be upheld. In the event that the Licensee exceeds the total of granted unit copies or any other terms herein, an upgrade of the Non-Exclusive License or a re-negotiation for an Exclusive License may be possible, provided that Composition(s) has/have not been sold.

Exclusive License Option. In addition to the license granted in Section 5.1, Institute grants Cisco an option to negotiate an exclusive license to the New Intellectual Property. Such option shall be exercisable in the following manner: Within thirty (30) days after Disclosure, as found in Section 3, Cisco shall notify Institute in writing if it wishes to exercise its option for any New Intellectual Property in the Disclosure. The parties shall negotiate a license agreement in good faith during a period not to exceed one hundred eighty (180) days from the date that Cisco exercises its option, or such period of time as the parties shall mutually agree. Institute will not, during the negotiation period, negotiate with any third party with a view to granting a license to, or assigning, the New Intellectual Property in the Disclosure. In addition, during the 12 months following the end of the negotiation period, Institute will not grant a license to or assign New Intellectual Property to any third party on any terms more favorable than those offered to Cisco pursuant to Section 5.2a). Any such exclusive license to New Intellectual Property granted by Institute to Cisco, as provided herein, shall include at least the following terms and conditions: the right of Cisco to grant sublicenses; a commitment by Cisco and any sublicensee to develop and commercialize the licensed invention and technology; a term that does not exceed any limits imposed by law; and retention by the Institute of the complete royalty-free right to use any New Intellectual Property for research or other educational purposes.

Exclusive License Option. Ionis hereby grants to Dynacure an option (the “Option”) to obtain the license set forth in Section 6.1. subject to this Article 4. Dynacure may exercise the Option at any time [***] following the date that Ionis delivers to Dynacure the Development Candidate Data Package (the “Option Deadline”). During such [***] period prior to the Option Deadline, Dynacure may request in writing additional data or information in Ionis’ possession relating to the Development Candidate.

Exclusive License Option. Owner grants to Grantee an exclusive right and option (the “License Option”), which may be exercised at any time during the Option Period (as defined in Section 2 below), to obtain an exclusive license for access to and use of the Option Premises or any portion thereof and obtain certain easement and other rights over the remainder of the Property at reasonable times and upon reasonable notice for the purposes of designing, constructing, installing, inspecting, testing, owning, operating, monitoring, maintaining, repairing, removing and selling of electricity from a Fuel Cell Energy Facility (the “System”), substantially on the terms and conditions set forth in the attached PPA and License Agreement Term Sheet for the System attached hereto as Exhibit C and incorporated herein by this reference (the “Term Sheet”). As outlined in the Term Sheet, the PPA and License Agreement will include annual savings on the Owner’s electric bills [of approximately $ / at the equivalent of the fixed rate of $0. per kWh (which is $0. below the current effective rate)], over a term of no less than twenty (20) years. The activities which may be conducted pursuant to the Term Sheet are referred to hereinafter as “Fuel Cell Operations.”

Exclusive License Option