Common use of Guidance Note for clause 2 Clause in Contracts

Guidance Note for clause 2. 1(c): If there are significant Registrations or Registration Applications these need to be identified in section 1 of Schedule 2. This clause allows the parties to agree consequences if these Registrations or Registration Applications are not granted, expire or cease to be in force. The parties should seek further commercial advice on the appropriate consequences. See also guidance in the Details Schedule, Schedule 3 and Schedule 4 (as applicable). The Licensee acknowledges that if any Registration expires or ceases to be in force, or any Registration Application is not granted, in whole or part, in a part of the Territory and for any reason, then except as expressly stated in this Agreement:

Guidance Note for clause 2. 1(c): If there are significant Registrations or Registration Applications these need to be identified in section 1 of Schedule 2. This clause allows the parties to agree consequences if these Registrations or Registration Applications are not granted, expire or cease to be in force. The parties should seek further commercial advice on the appropriate consequences. See also guidance in the Details Schedule, Schedule 3 and Schedule 4 (as applicable). The Licensee acknowledges that Term of this Agreement may be extended by the parties, on the terms and conditions then in effect, if any Registration expires or ceases to be expressly agreed by the parties in force, or any Registration Application is not granted, in whole or part, in a part of the Territory and for any reason, then except as expressly stated in this Agreement:accordance with clause 19.4.