Grant of License Option. On the terms and subject to the conditions of this Agreement, ASTI hereby grants to Allergan an option to obtain an exclusive license with respect to each ASTI Product, exercisable on a product-by-product and country-by-country basis as described in Section 2.2.
Grant of License Option. 3.01 Subject to rights of the United States under grants to UM and pursuant to 35 U.S.C. Section 201 et seq. and all implementing regulations, and subject to Section 3.02, UM grants to Company, and Company accepts, an exclusive worldwide license under Patent Rights to conduct research and development and to make, have made, use, lease, offer to sell, sell and import the Licensed Products within the Licensed Field as defined in Section 2.13 above, for the term of this Agreement. This license includes the right to grant sublicenses consistent with this Agreement.
(a) UM specifically reserves the rights:
1. I. to practice, and permit UM Personnel and ISS to practice, under the Patent Rights, and to make and use the Licensed Products, and permit 1SS to make and use the Licensed Products, on a royalty-free basis solely for noncommercial research and education, and to license universities, colleges, and other noncommercial research or educational institutions to practice under the Patent Rights, and make and use the Licensed Products on a royalty-free basis solely for noncommercial research and education;
Grant of License Option. For a period of ____ (__) days after the end of Filing Decision Period (such period, the “Option Period”), University hereby grants to XYZ a first option, without option fee other than the payments set forth in Section 4.01, (a) for XYZ and its Affiliates to acquire an exclusive, royalty bearing, worldwide license with the right to grant sublicenses, to develop, make, have made, use, offer for sale, sell and otherwise dispose of, products and methods practicing any University Invention or Joint Invention, and/or (b) for XYZ and its Affiliates to acquire a non-exclusive, royalty bearing, worldwide license with the right to grant sublicenses, to develop, make, have made, use, offer for sale, sell and otherwise dispose of, products and methods practicing University’s Background Technology (such option, the “License Option”). Upon XYZ’s request, University agrees to include into the License Option any computer software and its documentation falling under a University Copyright or Joint Copyright, if any (such computer software and documentation, collectively, the “Licensed Software”).
Grant of License Option. Voyager hereby grants to AbbVie an exclusive option, exercisable by AbbVie in its sole discretion during the License Option Period, to obtain the Exclusive License (the “License Option”).
Grant of License Option. As consideration for Pfizer's performance of the Research Program and the payment by Pfizer to Peptide on the date of signing this Agreement of the total sum of one hundred and fifty thousand US dollars (US $150,000.00), during the term of this Agreement and for a period of six (6) months thereafter, Pfizer shall have the exclusive option to acquire an exclusive world-wide, royalty bearing, license, including the right to grant sub-licenses, to make, use, sell, offer for sale and import Products under all Peptide's right, title and interest in the Peptide Technology, Joint Technology and Joint Patent Rights in every country in the world. If Pfizer wishes to take up the option then the parties shall negotiate in good faith to reach agreement on the terms of the license which shall include the terms set forth in Exhibit C.
Grant of License Option. 3.01 Subject to rights of the United States that may exist under grants to UM and pursuant to 35 U.S.C, Section 201 et seq. and all implementing regulations, and subject to Section 3.02, UM grants to Company, and Company accepts, an exclusive worldwide license under Patent Rights to make, have made, use, lease, offer to sell, sell and import the Licensed Products within the Licensed Field for the term of this Agreement. This license includes the right to grant sublicenses consistent with this Agreement.
3.02 UM specifically reserves the rights:
(a) to practice under the Patent Rights and make and use the Licensed Products on a royalty-free basis solely for research and education, and to license universities, colleges, and other research or educational institutions to practice under the Patent Rights and make and use the Licensed Products on a royalty-free basis solely for research and education;
(b) to provide information and material covered by the Patent Rights to universities, colleges and other research or educational institutions, but only for research and educational purposes and uses and not for any commercial purposes or uses; and
(c) to permit UM Personnel to disseminate and publish scientific findings from research related to Patent Rights subject to the requirements in Section 7.05, when appropriate.
3.03 Company may transfer its rights to an Affiliate consistent with this Agreement, provided Company is responsible for the obligations of its Affiliate relevant to this Agreement, including the payment of royalties, whether or not paid to Company by its Affiliate.
3.04 Company may grant sublicenses consistent with this Agreement, provided Company is responsible for the obligations of its Sublicensees relevant to this Agreement, including the payment of royalties, whether or not paid to Company by its Sublicensees.
3.05 Company will identify its Affiliates and its Sublicensees under this Agreement to UM by name, address and field of sublicense (both as to geography and subject matter), and will promptly provide to UM a copy of each sublicense and a copy of each agreement or document designating or establishing an Affiliate having the right to use the Patent Rights. Company may redact information from an agreement or document provided however UM is advised of the nature of the information redacted, Further, each agreement and document must contain sufficient information for UM to determine that Company, Affiliates and Sublicensees are operating in a...
Grant of License Option. On the terms and subject to the ----------------------- conditions of this Agreement, Crescendo hereby grants to ALZA an option to obtain an exclusive license with respect to each Crescendo Product, exercisable on a product-by-product and country-by-country basis as described in Section 2.2.
Grant of License Option. Sutro hereby grants to BioNova or its designated Affiliate an exclusive option as described in this ARTICLE II to obtain the license grant set forth in Section 3.1 below and other related rights under this Agreement (the “License Option”).
Grant of License Option. On the terms and subject to the conditions of this Agreement, TDC hereby grants to ALZA a License Option with respect to each Product, exercisable on a Product by Product and country-by-country basis as described in Section 2.2. ALZA agrees that, as long as TDC has Proprietary Rights in a Product, ALZA will not commercialize any Product, for its own account or with a third party, except pursuant to a License Agreement executed pursuant to the terms hereof.
Grant of License Option. With effect from the Effective Date and in accordance with the provisions of this Agreement, Yeda hereby grants to XTL an exclusive option to obtain an exclusive, worldwide, royalty bearing license, under the Yeda Technology (the “License Option”). The License Option may be exercised by XTL at any time from the Effective Date and until the expiry of fifteen (15) months from the Effective Date (the “License Option Period”) by providing written notice to Yeda setting out XTL’s decision to exercise the License Option (the “Notice of Exercise”).
