Common use of Optionee Grant Clause in Contracts

Optionee Grant. Subject to the limitations set forth in this OPTION AGREEMENT, including the rights reserved for REGENTS as well as other educational and non- profit institutions and licenses granted to the U.S. Government as set forth in Article 0, REGENTS grants to OPTIONEE under PATENT RIGHTS an exclusive right to make, use and import LICENSED PRODUCT and to practice LICENSED METHOD in LICENSED FIELD- OF-USE in LICENSED TERRITORY in order to test and evaluate them to determine the interest of OPTIONEE in exercising the option contained in this OPTION AGREEMENT.

Optionee Grant. Subject to the limitations set forth in this OPTION AGREEMENT, including the rights reserved for REGENTS as well as other educational and non- non-profit institutions and licenses granted to the U.S. Government as set forth in Article 0institutions, REGENTS grants to OPTIONEE under PATENT RIGHTS an exclusive right to make, use and import LICENSED PRODUCT and to practice LICENSED METHOD in LICENSED FIELD- FIELD-OF-USE in LICENSED TERRITORY in order to test and evaluate them to determine the interest of OPTIONEE in exercising the option contained in this OPTION AGREEMENT.