– Partial Termination by Licensor Clause Samples
The Partial Termination by Licensor clause allows the licensor to terminate specific parts of a licensing agreement without ending the entire contract. In practice, this means the licensor can withdraw certain rights, products, or territories from the licensee while the rest of the agreement remains in effect. This clause is particularly useful for managing risk or addressing breaches related to only a portion of the licensed subject matter, ensuring flexibility and targeted enforcement without disrupting the overall business relationship.
– Partial Termination by Licensor. If Acquisition is in breach or default of the terms or conditions contained in this Agreement and does not rectify or remedy that breach or default within 90 days from the date of receipt of notice by Licensor requiring that default or breach to be remedied, then Licensor, may alter the License granted by this Agreement with regard to its exclusivity, its territorial application or other potential restrictions on its application.
– Partial Termination by Licensor. If Acquisition is in breach or default of the terms or conditions contained in this Agreement and does not rectify or remedy that breach or default within 90 days from the date of receipt of notice by Licensor requiring that default or breach to be remedied, then Licensor, may alter the License granted by this Agreement with regard to its exclusivity, its territorial application or other potential restrictions on its application. Section 7.07 – Termination in Other Events: Without in any way limiting any other provision of this Agreement, either Licensor or Acquisition may terminate this Agreement by notice in writing if an order is made by a court or other competent authority for the winding up or dissolution of Acquisition. Section 7.08 – Survival: Upon the termination of this Agreement: (1) Acquisition will immediately cease use of the Intellectual Property; provided however, after the effective date of termination, Acquisition may sell all Licensed Products and parts thereof that it has on hand at the effective date of termination; provided, however, that Acquisition’s royalty obligations will continue until all Licensed Products have been sold; and (2) Nothing in this Agreement will be construed to release either party from any obligation that matured prior to the effective date of termination. ARTICLE VIII CONFIDENTIALITY AND PROPRIETARY RIGHTS Section 8.01 –
– Partial Termination by Licensor. In the event the events or conditions set forth in Section 7.2 pertain only to a particular category of Licensed Product (e.g., a HSC Product, MSC Product, Sickle-Cell Product, TIL Product, T-Cell Product, Inherited Retinal Disorder Product, Non-syndromic Hearing Loss Product or Familial Amyloid Disorders Product), the applicable Licensor(s) shall have the right to elect to terminate this Agreement in-part with respect to that category of Licensed Product, and upon such termination in-part the Agreement will otherwise remain in effect.