Common use of Restrictions on transfers of the Licensed IP Rights Clause in Contracts

Restrictions on transfers of the Licensed IP Rights. Licensor shall (and shall procure that any Affiliate of Licensor shall) not assign or transfer any of its right, title or interest in or to any of the Licensed IP Rights unless the relevant assignee or transferee: (a) joins as a party to this Agreement by entering into a deed of adherence with the Parties in respect of those Licensed IP Rights; or (b) enters into an assignment with Licensor pursuant to Clause 15.1 for any element of this Agreement that relates to those Licensed IP Rights, in each case, on terms that are acceptable to Licensee (acting reasonably).

Appears in 6 contracts

Samples: Brand License Agreement (Alcon Inc), Brand License Agreement (Alcon Inc), Brand License Agreement (Alcon Inc)

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