Common use of Required Sublicensing Clause in Contracts

Required Sublicensing. Stanford would like licensees to address unmet needs, such as those of neglected patient populations or geographic areas, giving particular attention to improved therapeutics, diagnostics and agricultural technologies for the developing world. If ***** is unable or unwilling to serve or develop a potential market or market territory for which there is a company willing to be a sublicensee and which has adequate resources and (a) such potential sublicensee has provided Stanford and ***** with a bona fide, detailed proposal to develop a Licensed Product for such potential market, and (b) such proposed development is not within or detrimental to *****’s current or planned Licensed Products, as reasonably demonstrated by ***** in a material communication to third parties such as an investor presentation or a public disclosure, ***** will, at Stanford's request, negotiate in good faith a Sublicense within 6 months with any such company.