Common use of Option for a Commercialization License Clause in Contracts

Option for a Commercialization License. NIST, on behalf of the Government, hereby grants to Collaborator an option to choose an exclusive or nonexclusive commercialization license to patents or patent applications claiming CRADA Inventions solely conceived by NIST or to NIST’s interest in patents or patent applications claiming joint CRADA Inventions. The exclusive or nonexclusive license shall be limited to fields of use defined by the subject matter of the Research Plan. The license will specify the licensed fields of use, geographic territory, markets, term and royalties. Additional terms and conditions shall be added to all licenses consistent with applicable statutes and regulations. The license will be based on mutually agreeable terms consistent with those conventionally granted in the field identified in the Research Plan for inventions with reasonably similar commercial potential. The royalty rates will reflect the relative contributions of the Parties to the CRADA Invention. All licenses granted under this Article are subject to the reservation of licenses in favor of the United States Government required in Section 6.6.1 above.

Option for a Commercialization License. NIST, on behalf of the Government, hereby grants to the Collaborator an option to choose an exclusive or nonexclusive commercialization license to patents or patent applications claiming on NIST CRADA Inventions solely conceived by NIST or to NIST’s 's interest in patents or patent applications claiming on joint CRADA Inventions. The exclusive or nonexclusive license shall be limited to fields of use defined by the subject matter of the Research Plan. SoW found in Appendix A. The license will specify the licensed fields of use, geographic territory, markets, term and royalties. Additional terms and conditions shall be added to all licenses consistent with applicable statutes and regulations. The license License will be based on mutually agreeable terms consistent with those conventionally granted in the field identified in the Research Plan SoW for inventions with reasonably similar commercial potential. The royalty rates will reflect the relative contributions of the Parties to the CRADA Inventioninvention. All licenses Licenses granted under this Article are subject to the reservation of licenses in favor of the United States Government required in Section 6.6.1 above.