Common use of Rights and Obligations Following Termination Clause in Contracts

Rights and Obligations Following Termination. 14.1 Termination of this Agreement, by expiration or otherwise for any reason, shall not terminate (i) PA’s right to receive all payments and royalties due and accrued and unpaid on the effective date of the termination, and (ii) the rights and obligations set forth in Sections 3 (related to License Fees and Royalties due and payable), 4.6, 7, 8, 9, and 10.

Appears in 2 contracts

Samples: License Agreement (Parabel Inc.), License Agreement (PetroAlgae Inc.)

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Rights and Obligations Following Termination. 14.1 15.1 Termination of this Agreement, by expiration or otherwise for any reason, shall not terminate (i) PA’s right to receive all undisputed payments and royalties due and accrued and unpaid on the effective date Effective Date of the termination, (ii) Licensee’s license to use the Licensed Technology in order to exercise its rights under the separate Marketing and Agency Fee Agreement between PA and Licensee, effective December 24, 2009, and (iiiii) the rights and obligations set forth in Sections 3 (related to License Fees and Royalties due and payable)4, 4.65, 76, 8, 9, 9 and 10.

Appears in 1 contract

Samples: Master License Agreement (PetroAlgae Inc.)

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Rights and Obligations Following Termination. 14.1 15.1 Termination of this Agreement, by expiration or otherwise for any reason, shall not terminate (i) PA’s right to receive all payments and royalties due and accrued and unpaid on the effective date Effective Date of the termination, and (ii) the rights and obligations set forth in Sections 3 (related to License Fees and Royalties due and payable)4, 4.65, 76, 8, 9, 8 and 10.

Appears in 1 contract

Samples: Master License Agreement (PetroAlgae Inc.)

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