Common use of Required Sublicensing Clause in Contracts

Required Sublicensing. (a) In the event that ULRF and Licensee each own an undivided interest in any Licensed Patent (a “Jointly Owned Licensed Patent”), Licensee will not attempt to separately grant a license to any third party under its rights in such Jointly Owned Licensed Patent without concurrently granting a Sublicense under ULRF’s rights in the same, and ULRF will not attempt to separately grant a license to any third party under its rights in such Jointly Owned Licensed Patent without concurrently granting a sublicense under Licensee’s rights in the same.

Required Sublicensing. (a) In the event that ULRF and Licensee each own an undivided interest in any Licensed Patent, including, without limitation, the Jointly-Owned Patent Rights (as defined in Exhibit A) (each a “Jointly Owned Licensed Patent”), Licensee will not attempt to separately grant a license to any third party under its rights in such Jointly Owned Licensed Patent without concurrently granting a Sublicense under ULRF’s rights in the same, and ULRF will not attempt to separately grant a license to any third party under its rights in such Jointly Owned Licensed Patent without concurrently granting a sublicense under Licensee’s rights in the same.