Common use of Licenses after Licensed Product Expiration Clause in Contracts

Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing Product in a given country or (ii) a given Profit-Share Product, the license set forth in Section 10.1.1(a) with respect to such Royalty-Bearing Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, and royalty-free.

Appears in 2 contracts

Samples: Option and License Agreement (Agenus Inc), Option and License Agreement (Agenus Inc)

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Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing the Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 15.1.1(a), the license licenses set forth in Section 10.1.1(a) 9.3 with respect to such Royalty-Bearing the Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, irrevocable and royalty-free.

Appears in 1 contract

Samples: Option, Collaboration and License Agreement (BeiGene, Ltd.)

Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing the Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 15.1.1(a), the license licenses set forth in Section 10.1.1(a) 9.1 with respect to such Royalty-Bearing the Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, irrevocable and royalty-free.

Appears in 1 contract

Samples: Collaboration and License Agreement (BeiGene, Ltd.)

Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 10.1.1(a), the license licenses set forth in Section 10.1.1(a) 2.1 with respect to such Royalty-Bearing Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, irrevocable and royalty-free.

Appears in 1 contract

Samples: Exclusive License Agreement (Roivant Sciences Ltd.)

Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 14.1.1(a), the license set forth in Section 10.1.1(a) 8.1.1 with respect to such Royalty-Bearing the Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, and royalty-free.

Appears in 1 contract

Samples: License Agreement (Agenus Inc)

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Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 15.1.1(a), the license licenses set forth in Section 10.1.1(a) 9.1 with respect to such Royalty-Bearing the Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall will become fully paid-up, perpetual, irrevocable, and royalty-free.

Appears in 1 contract

Samples: License Agreement (Jounce Therapeutics, Inc.)

Licenses after Licensed Product Expiration. Upon the expiration of the Term pursuant to Section 15.1.1(c) with respect to (i) a given Royalty-Bearing Initial Licensed Product in a given country or (ii) a given Profit-Share Productpursuant to Section 14.1.1(a), the license licenses set forth in Section 10.1.1(a) 8.1 with respect to such Royalty-Bearing the Initial Licensed Product in such country or such Profit-Share Product in the U.S., as applicable, shall become fully paid-up, perpetual, irrevocable, and royalty-free.

Appears in 1 contract

Samples: License Agreement (Jounce Therapeutics, Inc.)

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