Common use of GRANT OF THE FIRST OPTION Clause in Contracts

GRANT OF THE FIRST OPTION. 3.1 ICRT hereby grants to Introgen, on and subject to the terms of this Agreement, the exclusive option to obtain an exclusive, world-wide licence (to the extent that ICRT is able to grant such a licence under any applicable law) in respect of the Existing Patents relating to any one or more of the Genes and any Materials or other Existing Technology referred to in clause 5.4, in respect of the Gene or Genes in question, on the terms referred to in clause 4.1.

GRANT OF THE FIRST OPTION. 3.1 ICRT hereby grants to Introgen, on and subject to the terms of this Agreement, the exclusive option to obtain an exclusive, world-wide licence (to the extent that ICRT is able to grant such a licence under any applicable law) in respect of the Existing Patents relating to any one or more of the Genes and any Materials or other Existing Technology referred to in clause 5.4, in respect of the Gene or Genes in question, on the terms referred to in clause 4.1.