Common use of Internal Research License for Disclosures Clause in Contracts

Internal Research License for Disclosures. Subject to the terms and conditions of this Agreement, Pfizer hereby grants to BIND a non-exclusive, irrevocable, perpetual, royalty-free, fully paid-up, worldwide (sub)license to use solely for internal research purposes Pfizer’s Know-How or Confidential Information (other than any Pfizer Manufacturing/Formulation Trade Secret) disclosed to BIND during the Term in connection with this Agreement. Such (sub)license may be sublicensed or other rights granted thereunder by BIND only to its Affiliates.

Internal Research License for Disclosures. Subject to the terms and conditions of this Agreement, Pfizer BIND hereby grants to BIND Pfizer a non-exclusive, irrevocable, perpetual, royalty-free, fully paid-up, worldwide (sub)license to use solely for internal research purposes PfizerBIND’s Know-How or Confidential Information (other than any Pfizer BIND Manufacturing/Formulation Trade Secret) disclosed to BIND Pfizer during the Term in connection with this Agreement. Such (sub)license may be sublicensed or other rights granted thereunder by BIND Pfizer only to its Affiliates.