Common use of Sublicensing Rights Clause in Contracts

Sublicensing Rights. (a) The licenses granted under the Protea License may be sub-licensed by LMS to any Third Parties without the need to obtain prior consent from Protea. LMS shall inform Protea of the name of the sub-licensee and the scope of the rights sub-licensed. However, LMS must ask Protea's prior written consent if LMS wishes to sub-license said rights to the Protea restricted entities referred to in Exhibit D. Protea shall be entitled to amend such entities referred to in Exhibit D at any time and at the latest 12 months before the first application for a Marketing Authorization for the Product, developed under the Development Program, is submitted by a Party. (b) Notwithstanding the foregoing, in the event LMS grants the sub-license referred to in the preceding sub-Section, LMS shall ensure that such sub-license does not adversely impact or otherwise restrict Protea's rights under this Agreement.

Sublicensing Rights. (a) The licenses rights granted under the Protea License LMS Licence may be sub-licensed by LMS Protea to any Third Parties without the need to obtain prior consent from ProteaLMS. LMS Protea shall inform Protea LMS of the name of the sub-licensee and the scope of the rights sub-licensed. However, LMS Protea must ask Protea's LMS' prior written consent if LMS Protea wishes to sub-license said rights to the Protea LMS restricted entities referred to in Exhibit D. Protea LMS shall be entitled to amend such entities referred to in Exhibit D at any time and at the latest 12 months before the first application for a Marketing Authorization for the Product, developed under the Development Program, is submitted by a Party. (b) Notwithstanding the foregoing, in the event LMS Protea grants the sub-license referred to in the preceding sub-Section, LMS Protea shall ensure that such sub-license does not adversely impact or otherwise restrict Protea's LMS' rights under this Agreement.