License of Technology. Subject to the terms and conditions of this Agreement, LICENSOR hereby grants to LICENSEE a non-exclusive (as defined in Section 2 below), non-transferable, non-sub-licensable, license to use the Technology to develop, test, make, sell, offer for sale and distribute the End Products during the Term of this Agreement (“License”). Notwithstanding the first sentence of this paragraph, LICENSEE is expressly permitted to sub-license the License to a Partner or to Related Entities (all as defined in Exhibit D). Provided also that in the event that a person or entity acquires all of the issued and outstanding shares of LICENSEE, or all or substantially all of the assets of the LICENSEE, the LICENSEE shall be entitled to transfer all of its rights and obligations relating to this Agreement to such person or entity, and such person or entity is entitled to all of the rights and benefits of the LICENSEE under this Agreement solely with respect to LICENSEE branded End Products then being sold or produced by the LICENSEE.
Appears in 1 contract
Samples: Intellectual Property License Agreement (Lexaria Bioscience Corp.)
License of Technology. Subject to the terms and conditions of this Agreement, LICENSOR hereby grants to LICENSEE a nonsemi-exclusive exclusive, subject to certain exclusivity provisions, (all as defined in Section 2 below), non-transferable, non-sub-licensable, license to use the Technology to develop, test, make, sell, offer for sale and distribute the End Powder Products during the Term of this Agreement (“License”)Agreement. Such Powder Products shall only be distributed and/or sold by LICENSEE in compliance with all Federal and Provincial/State, licensing requirements within the Territory. The Powder Products and the Licensee Client’s End Products may not be exported or sold from the Territory to any other global location without express written permission granted in advance from the LICENSOR, subject to entering a separate licensing agreement or by addendum to this Agreement, and always subject to availability among other LICENSOR considerations. Notwithstanding the first sentence of this paragraph, LICENSEE is expressly permitted to sub-license the License to a Partner or to Related Entities (all as defined in Exhibit D). Provided also that in the event that a person or entity Person acquires all of the issued and outstanding shares of LICENSEE, or all or substantially all of the assets of the LICENSEE, the LICENSEE shall be entitled to transfer all of its rights and obligations relating to this Agreement agreement to such person or entityPerson, and such person or entity Person is entitled to all of the rights and benefits of the LICENSEE under this Agreement agreement solely with respect to LICENSEE branded End Powder Products then being sold or produced by the LICENSEE.
Appears in 1 contract
Samples: Intellectual Property License Agreement (Lexaria Bioscience Corp.)
License of Technology. Subject to the terms and conditions of this Agreement, LICENSOR hereby grants to LICENSEE a non-exclusive (as defined in Section 2 below), non-transferable, non-sub-licensable, license to use the Technology to develop, test, make, sell, offer for sale and distribute the End Products during the Term of this Agreement (“License”)Agreement. Notwithstanding the first sentence of this paragraph, LICENSEE is expressly permitted to sub-license its license to use the License Technology to a Partner or to Related Entities (all as defined in Exhibit D). Provided also that in the event that a person or entity acquires all of the issued and outstanding shares of LICENSEE, or all or substantially all of the assets of the LICENSEE, the LICENSEE shall be entitled to transfer all of its rights and obligations relating to this Agreement agreement to such person or entityperson, and such person or entity is entitled to all of the rights and benefits of the LICENSEE under this Agreement solely agreement with respect to LICENSEE branded End Products then being sold or produced by the LICENSEELICENSEE on its own behalf or as a contract manufacturer.
Appears in 1 contract
Samples: Intellectual Property License Agreement (Lexaria Bioscience Corp.)
License of Technology. Subject to the terms and conditions of this Agreement, LICENSOR hereby grants to LICENSEE a nonsemi-exclusive (as defined in Section 2 below), non-transferable, non-sub-licensable, license to use the Technology to develop, test, make, sell, offer for sale and distribute the End Products during the Term of this Agreement (“License”)Agreement. Notwithstanding the first sentence of this paragraph, LICENSEE is expressly permitted to sub-license its license to use the License Technology to a Partner or to Related Entities (all as defined in Exhibit D). Provided also that in the event that a person or entity acquires all of the issued and outstanding shares of LICENSEE, or all or substantially all of the assets of the LICENSEE, the LICENSEE shall be entitled to transfer all of its rights and obligations relating to this Agreement agreement to such person or entityperson, and such person or entity is entitled to all of the rights and benefits of the LICENSEE under this Agreement solely agreement with respect to LICENSEE branded End Products then being sold or produced by the LICENSEELICENSEE on its own behalf or as a contract manufacturer.
Appears in 1 contract
Samples: Intellectual Property License Agreement (Lexaria Bioscience Corp.)