Common use of Releases; Survival of Certain Obligations Clause in Contracts

Releases; Survival of Certain Obligations. Any termination of this Agreement shall not (a) release either party from any claim of the other party incurred prior to the completion of the Post-Termination Sale; (b) affect in any way any rights and immunities made available prior to the completion of the Post-Termination Sale; or (c) release Licensee from its obligations to pay royalties incurred up to the date of Termination, or if applicable, incurred during the period of the Post-Termination Sale.

Appears in 5 contracts

Samples: Exclusive Patent License Agreement (Folkup Development Inc.), Exclusive Patent License Agreement (Folkup Development Inc.), Exclusive License Agreement (Goldenwell Biotech, Inc.)

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