Common use of Termination for Patent Expiration Clause in Contracts

Termination for Patent Expiration. The licenses granted under this Agreement shall terminate with respect to the Licensor Patent Rights upon the expiration of the last issued patent of the Licensor Patent Rights. The licenses granted under this Agreement with respect to Know-How and Trade Secrets shall continue notwithstanding the expiration of the Licensor Patent Rights.

Appears in 5 contracts

Samples: Patent, Know How, and Trade Secret License Agreement (Howmet Aerospace Inc.), Patent, Know How, and Trade Secret License Agreement (Howmet Aerospace Inc.), Patent, Know How, and Trade Secret License Agreement (Arconic Rolled Products Corp)

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Termination for Patent Expiration. The licenses granted under this Agreement shall terminate with respect to the Licensor Patent Rights upon the expiration of the last issued patent of the Licensor Patent Rights, including without limitation any issued patent for Improvements relating to Advanced Ceramics as set forth in Schedule 2 applicable to the Licensed Products. The licenses granted under this Agreement with respect to Know-How and Trade Secrets shall continue notwithstanding the expiration of the Licensor Patent Rights.

Appears in 2 contracts

Samples: Patent, Know How, and Trade Secret License Agreement, Patent, Know How, and Trade Secret License Agreement (Arconic Inc.)

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Termination for Patent Expiration. The licenses granted under this Agreement shall terminate with respect to the Licensor Patent Rights upon the expiration of the last issued patent of the Licensor Patent Rights, including without limitation any issued patent for Improvements applicable to the Licensed Products. The licenses granted under this Agreement with respect to Know-How and Trade Secrets shall continue notwithstanding the expiration of the Licensor Patent Rights.

Appears in 2 contracts

Samples: Patent, Know How, and Trade Secret License Agreement (Alcoa Upstream Corp), Patent, Know How, and Trade Secret License Agreement (Alcoa Upstream Corp)

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