Common use of LICENSE OPTIONS Clause in Contracts

LICENSE OPTIONS. VA grants to Collaborator an option to elect a nonexclusive, partially exclusive or exclusive license on any CRADA Subject Invention made solely by VA Employee(s) or made jointly by VA and Collaborator employees. Any license granted shall be subject to negotiation of reasonable license terms within one hundred eighty (180) days after the exercise of the option and shall be substantially in the form of the model VA license agreement. To exercise this option, Collaborator shall submit a written notice to the VA Director of Technology Transfer within ninety (90) days after notification by VA of a CRADA Subject Invention in accordance with Article 13.6. Collaborator agrees to negotiate and pay reasonable patent costs.

LICENSE OPTIONS. VA grants to Collaborator an exclusive option to elect a nonexclusive, partially exclusive or exclusive license on any sole VA or joint CRADA Subject Invention. To exercise this option, Collaborator shall submit a written notice to the VA Director of Technology Transfer within ninety (90) days after notification by VA of a CRADA Subject Invention made solely by VA Employee(s) or made jointly by VA and Collaborator employeesin accordance with Article 13.6. Any license granted shall be subject to negotiation of reasonable license terms within one hundred eighty (180) days after the exercise of the option and shall be substantially in the form of the model VA license agreement. To exercise this option, Collaborator shall submit a written notice to the VA Director of Technology Transfer within ninety (90) days after notification by VA of a CRADA Subject Invention in accordance with Article 13.6. Collaborator agrees to negotiate and pay reasonable patent costs.

LICENSE OPTIONS. VA grants to Collaborator an exclusive option to elect a nonexclusive, partially exclusive or exclusive license on any sole VA or joint CRADA Subject Invention. To exercise this option, Collaborator shall submit a written notice to the VA Director of Technology Transfer within [**] days after notification by VA of a CRADA Subject Invention made solely by VA Employee(s) or made jointly by VA and Collaborator employeesin accordance with Article 13.6. Any license granted shall be subject to negotiation of reasonable license terms within one hundred eighty (180) [**] days after the exercise of the option and shall be substantially in the form of the model VA license agreement. To exercise this option, Collaborator shall submit a written notice to the VA Director of Technology Transfer within ninety (90) days after notification by VA of a CRADA Subject Invention in accordance with Article 13.6. Collaborator agrees to negotiate and pay reasonable patent costs.