Common use of Sell-Off Period Clause in Contracts

Sell-Off Period. For a period of 90 days after the effective date of the termination of this Agreement (the Sell-Off Period), the Acquiror and its sublicensees, will have the right to sell or otherwise dispose of all existing Products in its possession, custody, or control and to complete the manufacture of and sell or otherwise dispose of all Products in the course of manufacture as of the effective date of termination, in each case, in accordance with the applicable terms and conditions of this Agreement.

Appears in 4 contracts

Samples: Technology Acquisition Agreement (Adven Inc.), Technology Acquisition Agreement (Adven Inc.), Technology Acquisition Agreement (Adven Inc.)

AutoNDA by SimpleDocs

Sell-Off Period. For a period of 90 days after the effective date of the termination of this Agreement the licenses in accordance with Section 13.2 (the Sell-Off Period), the Acquiror Corporation and its sublicensees, will have the right to sell or otherwise dispose of all existing Products in its possession, custody, or control and to complete the manufacture of and sell or otherwise dispose of all Products in the course of manufacture as of the effective date of termination, in each case, in accordance with the applicable terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Technology Acquisition Agreement (Adven Inc.), Technology Acquisition Agreement (Adven Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!