Common use of TERMINATION OF THIS LICENSE Clause in Contracts

TERMINATION OF THIS LICENSE. Agreement automatically operates as an assignment by Licensee to the University of all Licensee's right, title and interest in and to each sublicense granted by Licensee. If this License Agreement is terminated by either Party, any sublicensee(s) not in default of the terms and conditions of its sublicense agreement with Licensee may make a written election to continue such sublicense agreement as a license agreement with the University. Licensee will give its sublicensee(s) written notice thirty (30) days prior to effective date of termination of this License Agreement. Sublicensee(s) must makes a written election within thirty (30) days thereafter.