Common use of Retained License Clause in Contracts

Retained License. MCGRI retains on behalf of itself, MCG, the Inventors and any academic research collaborators, a royalty-free right and license to make and use Licensed Products and to practice Licensed Technology for research and educational purposes only.

Appears in 4 contracts

Samples: Stock Subscription Agreement (Newlink Genetics Corp), Stock Subscription Agreement (Newlink Genetics Corp), Stock Subscription Agreement (Newlink Genetics Corp)

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Retained License. MCGRI retains on behalf of itself, MCG, the Inventors and any academic research collaborators, a royalty-free right and license to make and use Licensed Products and to practice Licensed Technology for research and educational purposes only.

Appears in 2 contracts

Samples: License Agreement (Targacept Inc), License Agreement (Targacept Inc)

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