Rights Termination. Upon termination of this Agreement and except as otherwise expressly provided herein, all of the rights and licenses granted to Licensees under the terms of this Agreement shall terminate. The Licensees shall assign any sublicenses granted under this Agreement to Licensor. All rights licensed or transferred by Licensor to the Licensees hereunder which are subject to termination shall revert to Licensor, and the Licensees agree to execute all instruments reasonably necessary and desirable to revest said rights in Licensor.
Appears in 2 contracts
Samples: Intellectual Property License Agreement (Vivakor, Inc.), Intellectual Property License Agreement (Vivakor, Inc.)
Rights Termination. Upon termination of this Agreement and except as otherwise expressly provided herein, all of the rights and licenses granted to Licensees Licensee under the terms of this Agreement shall terminate. The Licensees Licensee shall assign any sublicenses granted under this Agreement to Licensor. All rights licensed or transferred by Licensor to the Licensees Licensee hereunder which are subject to termination shall revert to Licensor, and the Licensees Licensee agree to execute all instruments reasonably necessary and desirable to revest said rights in Licensor.
Appears in 1 contract
Samples: Sensor Technology License Agreement (Vivakor, Inc.)
Rights Termination. Upon termination of this Agreement and except as otherwise expressly provided herein, all of the rights and licenses granted to Licensees Licensee under the terms of this Agreement shall terminate. The Licensees Licensee shall assign any sublicenses granted under this Agreement to Licensor. All rights licensed or transferred by Licensor to the Licensees Licensee hereunder which are subject to termination shall revert to Licensor, and the Licensees Licensee agree to execute all instruments reasonably necessary and desirable to revest said rights in Licensor.
Appears in 1 contract
Samples: Intellectual Property License Agreement (Vivakor, Inc.)
