Common use of University’s Rights Clause in Contracts

University’s Rights. University reserves all rights not expressly granted to Company under this Agreement. University retains for itself and other not-for-profit research institutions, an irrevocable, nonexclusive right to practice Licensed Rights for research, instructional or educational purposes. Expressly included, without limitation, within this University reservation of rights is the right to do the following in connection with such research, instructional or educational purposes: (a) to use the Licensed Rights in sponsored research or collaborative research with any Third Party, but not for any commercial purpose, and only to the extent that no such Third Party is granted any commercialization rights of any kind under the Licensed Rights or to commercialize Licensed Products, (b) to grant material transfer agreements that restrict the use of such materials to research, teaching or other scholarly activities, and that the transferee has no rights greater than University, and has no further right to transfer such materials to any Third Party, and (c) to publish any information included in the Licensed Rights or any other information that may result from University’s research.

Appears in 2 contracts

Samples: License and Exclusive Option Agreement (Icosavax, Inc.), License and Exclusive Option Agreement (Icosavax, Inc.)

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University’s Rights. University reserves all rights not expressly granted to Company under this Agreement. University retains for itself itself, IRB, and other not-for-profit research institutions, an irrevocable, nonexclusive right to practice Licensed Rights for research, instructional or educational purposes. Expressly included, without limitation, within this University reservation of rights is the right to do the following in connection with such research, instructional or educational purposes: (a) to use the Licensed Rights in sponsored research or collaborative research with any Third Party, but not for any commercial purpose, and only to the extent that no such Third Party is granted any commercialization rights of any kind under the Licensed Rights or to commercialize Licensed Products, (b) to grant material transfer agreements that restrict the use of such materials to research, teaching or other scholarly activities, and that the transferee transferree has no rights greater than UniversityUniversity or IRB, and has no further right to transfer such materials to any Third Party, and (c) to publish any information included in the Licensed Rights or any other information that may result from University’s or IRB’s research.

Appears in 2 contracts

Samples: Exclusive License Agreement (Icosavax, Inc.), Exclusive License Agreement (Icosavax, Inc.)

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University’s Rights. University reserves all rights not expressly granted to Company under this Agreement. University retains for itself itself, IRB, and other not-for-profit research institutions, an irrevocable, nonexclusive right to practice Licensed Rights for research, instructional or educational purposes. Expressly included, without limitation, within this University reservation of rights is the right to do the following in connection with such research, instructional or educational purposes: (a) to use the Licensed Rights in sponsored research or collaborative research with any Third Party, but not for any commercial purpose, and only to the extent that no such Third Party is granted any commercialization rights of any kind under the Licensed Rights or to commercialize Licensed Products, (b) to grant material transfer agreements that restrict the use of such materials to research, teaching or other scholarly activities, and that the transferee has no rights greater than UniversityUniversity or IRB, and has no further right to transfer such materials to any Third Party, and (c) to publish any information included in the Licensed Rights or any other information that may result from University’s or IRB’s research.

Appears in 1 contract

Samples: Exclusive License Agreement (Icosavax, Inc.)

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