Common use of Licenses after Licensed Product Expiration Clause in Contracts

Licenses after Licensed Product Expiration. After expiration of the Term with respect to a given Licensed Product in a given country pursuant to Section 10.1.1(a), the licenses set forth in Section 6.1 with respect to such Licensed Product (and the Licensed Antibody contained therein) and related Diagnostic Products in such country will automatically become fully paid-up, perpetual, irrevocable and royalty-free.

Appears in 4 contracts

Samples: Global License Agreement (Prothena Corp Public LTD Co), Master Collaboration Agreement, Master Collaboration Agreement (Prothena Corp PLC)

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Licenses after Licensed Product Expiration. After expiration of the Term with respect to a given Licensed Product in a given country pursuant to Section 10.1.1(a), the licenses set forth in Section 6.1 with respect to such Licensed Product (and the Licensed Antibody contained therein) and related Diagnostic Products in such country will automatically become fully paid-up, perpetual, irrevocable and royalty-free.

Appears in 1 contract

Samples: Master Collaboration Agreement (Prothena Corp PLC)

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