Other Territories. LICENSEE may submit proposals to LICENSOR to use the Intellectual Property or establish operations to develop and make Licensed Products and to practice Licensed Processes outside of the Licensed Territory (but not within a territory licensed by LICENSOR to a third party under a separate agreement). LICENSOR may authorize or reject LICENSEE’s proposal(s) at LICENSOR’s sole discretion. LICENSEE shall have reasonable access to territory information regarding LICENSOR's license agreements with third parties and LICENSOR shall make commercially reasonable efforts to notify LICENSEE of licensing agreements reached with third parties within thirty (30) days of reaching such agreements. Notwithstanding the foregoing, LICENSEE shall be permitted to, subject to the confidentiality requirements hereto, apply for or obtain grant funding in any jurisdiction, provided that such grant funds are applied within the Licensed Territory.
Appears in 3 contracts
Samples: Intellectual Property License Agreement, Intellectual Property License Agreement (HDS International Corp.), Asset Acquisition Agreement (HDS International Corp.)
Other Territories. LICENSEE may submit proposals to LICENSOR to use the Intellectual Property or establish operations to develop and make Licensed Products and to practice Licensed Processes outside of the Licensed Territory (but not within a territory licensed by LICENSOR to a third party under a separate agreement). LICENSOR may authorize or reject LICENSEE’s proposal(s) at LICENSOR’s sole discretion. LICENSEE shall have reasonable access to territory information regarding LICENSOR's ’s license agreements with third parties and LICENSOR shall make commercially reasonable efforts to notify LICENSEE of licensing agreements reached with third parties within thirty (30) days of reaching such agreements. Notwithstanding the foregoing, LICENSEE shall be permitted to, subject to the confidentiality requirements hereto, apply for or obtain grant funding in any jurisdiction, provided that such grant funds are applied within the Licensed Territory.
Appears in 1 contract
Samples: Intellectual Property License Agreement (HDS International Corp.)