Common use of Limitations on License Grant Clause in Contracts

Limitations on License Grant. a. Licensee shall have no rights under this Agreement to sublicense Licensed Patents, either directly or indirectly. b. This Agreement does not enable Licensee to perform for entities or subcontract to entities that have not entered into separate license agreements with PharmaStem. However, it enables Licensee to subcontract services for Collection or storage of Cryopreserved Blood or creation or storage of Expanded Stem Cells or Modified Stem Cells for a limited time only, provided that the subcontractor enters into a separate license agreement with PharmaStem within ninety (90) days from the effective date of the subcontracting agreement between Licensee and its subcontractor.

Appears in 3 contracts

Samples: Patent License Agreement (Cord Blood America, Inc.), Patent License Agreement (Cord Blood America, Inc.), Patent License Agreement (Cord Blood America, Inc.)

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