Voluntary Termination by Licensee. LICENSEE shall have the right to terminate this Agreement any time by written notice at least six (6) months in advance and fully settle all payments due to LICENSOR on or before the effective date of termination. In no event shall the termination of the Agreement release LICENSEE from the obligation to pay any amounts that became due on or before the effective date of termination.
Appears in 3 contracts
Samples: Exclusive Patent License Agreement (Aptorum Group LTD), Exclusive Patent License Agreement (Aptorum Group LTD), Exclusive Patent License Agreement (Aptorum Group LTD)
Voluntary Termination by Licensee. LICENSEE shall have the right to terminate this Agreement Agreement, for any time by reason upon at least sixty (60) days’ prior written notice to LICENSOR, such notice to state the date, at least six sixty (660) months days in advance and fully settle all payments due the future, upon which termination is to LICENSOR on or before the effective date of termination. In no event shall the termination of the Agreement release LICENSEE from the obligation to pay any amounts that became due on or before the effective date of terminationbe effective.
Appears in 2 contracts
Samples: Exclusive License Agreement (X4 Pharmaceuticals, Inc), Exclusive License Agreement (Arsanis, Inc.)
Voluntary Termination by Licensee. LICENSEE shall have the right to terminate this Agreement Agreement, for any time by reason, (i) upon at least six (6) months prior written notice to LICENSOR, such notice to state the date at least six (6) months in advance the future upon which termination is to be effective and fully settle (ii) upon payment of all payments amounts due to LICENSOR on or before the through such termination effective date of termination. In no event shall the termination of the Agreement release LICENSEE from the obligation to pay any amounts that became due on or before the effective date of terminationdate.
Appears in 1 contract
Samples: Exclusive Patent and Know How License Agreement (Xethanol Corp)
Voluntary Termination by Licensee. LICENSEE Licensee shall have the right to terminate this Agreement any time by written notice at least six (6) months in advance and fully settle all payments due to LICENSOR Licensor on or before the effective date of termination. In no event shall the termination of the Agreement release LICENSEE Licensee from the obligation to pay any amounts that became due on or before the effective date of termination.
Appears in 1 contract
Samples: Exclusive License Agreement (Innovative Medtech, Inc.)
