Common use of Termination by Stanford Clause in Contracts

Termination by Stanford. (A) Stanford may terminate this Agreement if Licensee: (1) Is in default in payment of royalty; or (2) Is in breach of any provision. (B) Termination under this Section 9.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) Is in default in payment of royalty; oris delinquent on any report or payment; (2) Is is not diligently developing and commercializing Licensed Product; (3) misses a milestone described in Appendix A; (4) is in breach of any provision; or (5) provides any false report. (B) Termination under this Section 9.2 15.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) Is in default in payment of royalty; oris delinquent on any report or payment; (2) Is is in breach of any provision. (B) Termination under this Section 9.2 10.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period. (C) As of the effective date of termination, Licensee will: (1) cease use of the Biological Material; and (2) at Licensee's election either return to Stanford or destroy all Biological Material.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) Is in default in payment of royalty; oris delinquent on any payment; (2) Is is in breach of any provision.; or (B) Termination under this Section 9.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period. (C) As of the effective date of termination, Licensee will: (1) cease use of Biological Material; and (2) return to Stanford or destroy all Biological Material.

Termination by Stanford. (A) Stanford may terminate this Agreement if Licensee: (1) Is in default in payment of royalty; or (2) Is Licensee is in breach of any provision. provision hereof; and Licensee fails to remedy any such breach within thirty (B30) Termination under this Section 9.2 will take effect 30 days after written notice thereof by Stanford unless Licensee remedies the problem in that 30-day periodStanford.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) Is in default in payment of royalty; oris delinquent on any report or payment; (2) Is is in breach of any provision. (B) Termination under this Section 9.2 10.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day 30­day period. (C) As of the effective date of termination, Licensee will: (1) cease use and sale of Biological Material; and (2) return to Stanford or destroy all Biological Material.