Common use of Permitted Sublicensing Clause in Contracts

Permitted Sublicensing. may grant Sublicenses in the Licensed Field of Use and Licensed Territory only during the Exclusive term and only if ***** is developing or selling Licensed Products. Sublicenses with any exclusivity must include diligence requirements commensurate with the diligence requirements of Appendix X. Xxxxxxxx agrees that ***** may apportion without discrimination between ***** and Stanford patents a commercially reasonable percentage of sublicensing payments made to Stanford pursuant to Section 4.6, provided however that ***** provides Stanford with the proposed apportionment and justification prior to *****’s payment pursuant to Section 8.1. Stanford and ***** agree to meet to discuss such proposed apportionment if in Stanford’s opinion the apportionment does not reasonably reflect the value of the Licensed Patents.

Permitted Sublicensing. Company may grant Sublicenses in the Licensed Field of Use and Licensed Territory only during the Exclusive term and only if ***** Company is developing or selling Licensed Products. Sublicenses with any exclusivity must include diligence requirements commensurate with the diligence requirements of Appendix X. Xxxxxxxx agrees that ***** Company may apportion without discrimination between ***** Company and Stanford patents a commercially reasonable percentage of sublicensing payments made to Stanford pursuant to Section 4.6, provided however that ***** Company provides Stanford with the proposed apportionment and justification prior to *****Company’s payment pursuant to Section 8.1. Stanford and ***** Company agree to meet to discuss such proposed apportionment if in Stanford’s opinion the apportionment does not reasonably reflect the value of the Licensed Patents.

Permitted Sublicensing. may grant Sublicenses in the Licensed Field of Use and Licensed Territory only during the Exclusive term and only if ***** is developing or selling Licensed Products. Sublicenses with any exclusivity must include diligence requirements commensurate with the diligence requirements of Appendix X. Xxxxxxxx agrees that ***** may apportion without discrimination between ***** and Stanford patents a commercially reasonable percentage of sublicensing payments made to Stanford pursuant to Section 4.6, provided however that ***** provides Stanford with the proposed apportionment and justification prior to *****’s payment pursuant to Section 8.1. Stanford and ***** agree to meet to discuss such proposed apportionment if in Stanford’s opinion the apportionment does not reasonably reflect the value of the Licensed Patents.

Permitted Sublicensing. may grant Sublicenses in the Licensed Field of Use and Licensed Territory only during the Exclusive term and only if ***** is developing or selling Licensed Products. Sublicenses with any exclusivity must include diligence requirements commensurate with the diligence requirements of Appendix X. Xxxxxxxx agrees that ***** may apportion without discrimination between ***** and Stanford patents a commercially reasonable percentage of sublicensing payments made to Stanford pursuant to Section 4.6, provided however that ***** provides Stanford with the proposed apportionment and justification prior to *****’s payment pursuant to Section 8.1. Stanford and ***** agree to meet to discuss such proposed apportionment if in Stanford’s opinion the apportionment does not reasonably reflect the value of the Licensed Patents. Negotiation of any Sublicense must be an arms-length transaction.