Common use of Sublicensing Conditions Clause in Contracts

Sublicensing Conditions. In the event that Licensee desires to exercise its rights to sublicense its rights as granted herein, Licensee shall, unless otherwise agreed by Licensor and Licensee, negotiate an agreement on terms, which insofar as practical are substantially consistent with the terms of this Agreement, and shall also: a. Require royalty payment to Licensee of no less than the royalty payment due Licensor pursuant to Article 9 of this Agreement. b. Require the sublicensee to keep Licensee informed concerning infringement by outside parties of the properties transferred, any potential product fault, improper use and the like. c. Require the sublicensee to give the Licensee the right to audit the sublicensee's books and records. d. Include a confidentiality provision in the sublicensee agreement comparable to that contained in this Agreement. e. Require that sublicense not reverse engineer or disassemble the Licensed Product.