Common use of Obligations of Licensee Clause in Contracts

Obligations of Licensee. With respect to the right to Sublicense granted pursuant to this Section, Licensee shall: 4.4.1 assume responsibility for its Sublicensees and not grant any rights that are inconsistent with the rights and obligations of this Agreement. Any act or omission of a Sublicensee that would be a breach of this Agreement if performed by Licensee will be deemed a breach by Licensee of this Agreement; 4.4.2 not receive, or agree to receive, anything of value in lieu of cash as consideration from a third party under a Sublicense granted pursuant to Section 4.1; 4.4.3 obtain University approval prior to granting any and all Sublicenses; such approval will not be unreasonably withheld or delayed; and 4.4.4 promptly provide University the name and address of each Sublicensee with whom it concludes a Sublicense, and forward to University a copy of each executed Sublicense within thirty (30) days of the date of execution of such Sublicense.

Appears in 4 contracts

Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (Panther Biotechnology, Inc.), Exclusive Patent License Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!