Research License Term Clause Samples
A Research License Term defines the conditions under which a party is granted permission to use certain intellectual property or materials strictly for research purposes. Typically, this clause restricts the licensee from using the licensed materials for commercial activities, product development, or distribution, and may require that any results or inventions arising from the research be disclosed to the licensor. Its core function is to enable academic or experimental use while protecting the licensor’s commercial interests and ensuring that the licensed materials are not exploited beyond the agreed research scope.
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Research License Term. The term of the Research License is one (1) year from the Effective Date (the “Research License Term”). The Research License Term is automatically extended for additional one year periods unless COMPANY notifies Selexis in writing to terminate the Research License with effect to the end of a given one year period no later than thirty (30) business days prior to the end of the then-current one year period. The Research License shall in any case terminate on the third anniversary of the Effective Date unless the Parties mutually agree in writing to further extend the term.
Research License Term. (a) [*****]
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