Common use of Reversion of License Clause in Contracts

Reversion of License. If a reversion occurs under this Article, the license in that country in which reversion has occurred will be terminated, and Licensee shall have no further right in the Application or Patent for that country. The right shall revert to Owner who will then have the right to pursue protection for the reverted Application or Patent. Owner has no further duty to Licensee for a reverted Application or Patent.

Reversion of License. If a reversion occurs under this Article, the license in that country in which reversion has occurred will be terminated, and Licensee shall have no further right in the Application Application, Patent or Patent Trademark for that country. The right shall revert to Owner who will then have the right to pursue protection for the reverted Application Application, Patent or PatentTrademark. Owner has no further duty to Licensee for a reverted Application Application, Patent or PatentTrademark.