Common use of Option for Exclusive License Clause in Contracts

Option for Exclusive License. 4.1 BOARD hereby grants OPTIONEE an exclusive option to acquire an exclusive, worldwide license to practice PATENT RIGHTS and TECHNOLOGY RIGHTS under terms set forth in the License Agreement attached as Attachment A. 4.2 OPTIONEE may exercise its option at any time during the OPTION PERIOD by delivering to UNIVERSITY three executed copies of the License Agreement in Attachment A.

Appears in 2 contracts

Samples: Option Agreement, Option Agreement

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Option for Exclusive License. 4.1 BOARD hereby grants OPTIONEE an exclusive option to acquire an exclusive, worldwide license to practice PATENT RIGHTS and TECHNOLOGY RIGHTS under terms set forth in the License Agreement attached as Attachment A. 4.2 OPTIONEE may exercise its option at any time during the OPTION PERIOD by delivering to UNIVERSITY three executed copies of the License Agreement in Attachment A.

Appears in 1 contract

Samples: Option Agreement (Cody Resources, Inc.)

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Option for Exclusive License. 4.1 BOARD LICENSOR hereby grants OPTIONEE an exclusive option to acquire an exclusive, worldwide license to practice PATENT RIGHTS and TECHNOLOGY RIGHTS under terms set forth in the License Agreement attached as Attachment A. 4.2 OPTIONEE may exercise its option at any time during the OPTION PERIOD by delivering to UNIVERSITY three executed copies of the License Agreement in Attachment A.

Appears in 1 contract

Samples: Option Agreement (Refinery Science Corp)

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