Examples of Commercial Licence in a sentence
The Company has renewed the Markham Commercial Licence and its current term will expire on February 14, 2020.
This Term Sheet is intended to set out the main commercial terms of the Commercial Licence.
The Commercial Licence will come into effect on the First Sale Date and unless terminated earlier in accordance with this clause or under the general law will continue in force until the end of the Patent Term.
Under the Commercial Licence the Licensee may Supply Licensed Products and Licensed Services to End-Users through its normal sales channels, including agents and distributors.
Except where this Agreement is terminated by NSi under clause 13.2, and provided the Collaborator has paid all Patent Costs and Fees and is not otherwise in breach (other than a trivial breach) of any provision contained in this Agreement, NSi grants to the Collaborator an exclusive option during the Term and for six months after the Completion Date to acquire a commercial licence of the Project IP on the terms of the Commercial Licence set out in Annexure 2.