Initial License Agreement Clause Samples

Initial License Agreement. Company acknowledges that (i) Licensor has disclosed to Company a redacted copy of the Initial License Agreement through virtual data room hosted by Intralinks, (ii) Licensor has licensed technology which has been incorporated into Licensor Technology from the Initial Licensor pursuant to the Initial License Agreement and (iii) certain rights and obligations of Licensor under the Initial License Agreement have been included in this Agreement. Any Patent Rights that were encompassed in such Initial License Agreement meanwhile have expired. Nonetheless, Licensor is required to comply with such Initial License Agreement towards the Initial Licensor. Should the Parties become aware of any inconsistency between this Agreement and the Initial License Agreement, the Parties will work together in good faith to resolve such issue without delay.