Common use of PRIOR AND FUTURE GRANTS Clause in Contracts

PRIOR AND FUTURE GRANTS. ASTI understands and acknowledges that Allergan is in the business of researching and developing products incorporating the Allergan Technology for its own account and under arrangements with third parties, and as a result, the license granted hereunder is limited strictly to use the Allergan Technology for the purpose of researching and developing ASTI Products and conducting related activities (including Pre-Selection Work) and commercializing ASTI Products. ASTI acknowledges that Allergan may use and may grant third party licenses to use the Allergan Technology for any and all other purposes.

Appears in 5 contracts

Samples: Technology License Agreement (Allergan Specialty Therapeutics Inc), Technology License Agreement (Allergan Inc), Technology License Agreement (Allergan Specialty Therapeutics Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!