Termination by Merck for Cause. In the event this Agreement is terminated by Merck under Section 5.02, 12.03 and/or 14.01(b), the rights and license granted to Licensee under Section 2.01 of this Agreement shall terminate and all rights to the Licensed Compound and Licensed Product shall revert to Merck pursuant to Section 12.05.
Appears in 5 contracts
Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (ARMO BioSciences, Inc.), Exclusive Patent License Agreement (ARMO BioSciences, Inc.)
Termination by Merck for Cause. In the event this Agreement is properly terminated by Merck under Section 5.02, 12.03 and/or 14.01(b12.03(a), the rights and license granted to Licensee and its Affiliates under Section 2.01 of this Agreement shall terminate and all rights to the Licensed Compound and Licensed Product granted under this Agreement shall revert to Merck pursuant Merck, provided that all sublicenses granted under Section 2.05 shall survive to Section 12.05the extent so provided in such Section.
Appears in 2 contracts
Samples: Exclusive Patent and Know How License Agreement (Cerecor Inc.), Exclusive Patent and Know How License Agreement (Cerecor Inc.)
Termination by Merck for Cause. In the event this Agreement is terminated by Merck under Section 5.025.03, 12.03 and/or 14.01(b), the rights and license granted to Licensee under Section 2.01 of this Agreement shall terminate and all rights to the Licensed Compound Compounds and Licensed Product shall revert to Merck pursuant to Section 12.05.
Appears in 2 contracts
Samples: License Agreement (TESARO, Inc.), License Agreement (TESARO, Inc.)
Termination by Merck for Cause. In the event this Agreement is properly terminated by Merck under Section 5.02, 12.03 and/or 14.01(b12.03(a), the rights and license granted to Licensee and its Affiliates under Section 2.01 of this Agreement shall terminate and all rights to the Licensed Compound and Licensed Product shall revert to Merck pursuant to Section 12.0512.05 provided that all sublicenses granted under Section 2.06 shall survive to the extent so provided in such Section.
Appears in 2 contracts
Samples: Exclusive Patent and Know How License Agreement (Cerecor Inc.), Exclusive Patent and Know How License Agreement (Cerecor Inc.)
Termination by Merck for Cause. In the event this Agreement is terminated by Merck under Section 5.025.03, 12.03 8.07, 12.03(a) and/or 14.01(b), ) the rights and license granted to Licensee obligations hereunder shall terminate except as provided under Section 2.01 of this Agreement shall terminate 12.04, and all rights to the Licensed Compound and Licensed Product shall revert to Merck pursuant to Section 12.05.
Appears in 1 contract
