Rights and Duties on Termination. Upon termination of this Agreement: (a) Licensor shall have the right to retain any sums already paid by Licensee under this Agreement, and Licensee shall pay all sums accrued that are then due under this Agreement; and (b) Licensee shall discontinue all use of the Licensed Intellectual Property and shall have no further right, title, or interest in the Licensed Intellectual Property.
Appears in 4 contracts
Samples: Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.), Intellectual Property License Agreement (E.i Ventures Inc.)
Rights and Duties on Termination. Upon termination of this ------------ -------------------------------- Agreement:,
(a) a. Licensor shall have the right to retain any sums already paid by Licensee under this Agreement, and Licensee shall pay all sums accrued that are then due under this Agreement; and
(b) b. Licensee shall discontinue all use of the Licensed Intellectual Intangible Property and shall have no further right, title, or interest in the Licensed Intellectual Propertyany Intangible Property or Know-How.
Appears in 1 contract
Samples: Intangible Property License Agreement (Ravisent Technologies Inc)
Rights and Duties on Termination. Upon termination of this Agreement:,
(a) a. Licensor shall have the right to retain any sums already paid by Licensee under this Agreement, and Licensee shall pay all sums accrued that are then due under this Agreement; and
(b) b. Licensee shall discontinue all use of the Licensed Intellectual Intangible Property and shall have no further right, title, or interest in the Licensed Intellectual Propertyany Intangible Property or Know-How.
Appears in 1 contract
Samples: Intangible Property License Agreement (Ravisent Technologies Inc)
