General Performance Requirement. If LICENSEE fails to perform in accordance with Paragraphs 3.1 and 3.2 above, then LICENSOR shall have the right and option to either (a) terminate this Agreement pursuant to Paragraph 11.3 hereof or (b) change LICENSEE’s exclusive license to a nonexclusive license. This right if exercised by LICENSOR shall supersede the rights granted in Paragraph 2.1.
Appears in 2 contracts
Samples: Intellectual Property License Agreement (HDS International Corp.), Asset Acquisition Agreement (HDS International Corp.)
General Performance Requirement. If LICENSEE fails to perform in accordance with Paragraphs 3.1 and 3.2 above, then LICENSOR shall have the right and option to either (a) terminate this Agreement pursuant to Paragraph 11.3 hereof or (b) change LICENSEE’s exclusive license to a nonexclusive license. This right if exercised by LICENSOR shall supersede the rights granted in Paragraph 2.1.
Appears in 1 contract
Samples: Intellectual Property License Agreement (HDS International Corp.)
General Performance Requirement. If LICENSEE fails to perform in accordance with Paragraphs 3.1 and 3.2 above, then LICENSOR shall have the right and option to either (a) terminate this Agreement pursuant to Paragraph 11.3 hereof or (b) change LICENSEE’s exclusive license to a nonexclusive license. This right if exercised by LICENSOR shall supersede the rights granted in Paragraph 2.12.2.
Appears in 1 contract
Samples: Intellectual Property License Agreement (HDS International Corp.)
General Performance Requirement. If LICENSEE fails to perform in accordance with Paragraphs 3.1 and 3.2 above, then LICENSOR shall have the right and option to either (a) terminate this Agreement pursuant to Paragraph 11.3 hereof or (b) change LICENSEE’s exclusive license to a nonexclusive license. This right if exercised by LICENSOR shall supersede the rights granted in Paragraph 2.1.2.2. 3.4
Appears in 1 contract
