Exclusive Commercial License definition

Exclusive Commercial License means the grant by the owner of Intellectual Property of the exclusive right to make, use, or sell an Invention for commercial purposes.
Exclusive Commercial License shall have the meaning set forth in Section 4.3.
Exclusive Commercial License means the grant by the owner of Intellectual Property of the exclusive right to make, use, or sell a patented invention.

Examples of Exclusive Commercial License in a sentence

  • For each Additional Collaboration Target, BMS shall pay FivePrime a fee of *** for each *** period as partial consideration for the maintenance of the exclusive license grant under Section 6.1.2 (Exclusive Commercial License) (each such amount, the “License Maintenance Fee”).

  • Within thirty (30) days after termination of the Exclusive Commercial License with respect to a specific Licensed Antibody, Celldex shall destroy any and all Medarex Mice immunized with the given Research Antigen, Mice Materials derived from such Medarex Mice, and any and all Antibodies, Antibody Materials and Products obtained through the use of such Medarex Mice, with respect to such Research Antigen.

  • Following the termination of the applicable Exclusive Commercial License, Celldex shall have no further license rights under the Medarex Technology with respect to the Antibody that was the subject of such Exclusive Commercial License.

  • Upon termination of an Exclusive Commercial License with respect to a particular Licensed Antibody to a given Research Antigen, in the event that Celldex has filed any patent applications disclosing or claiming Antibodies and Antibody Materials, or the making or using thereof, obtained through the use of Medarex Mice and/or Mice Materials with respect to such Research Antigen, Celldex covenants that it shall, at its election, either abandon, or assign to Medarex, such patents or patent applications.

  • At any time during the Research License Period with respect to a particular Research Antigen, Celldex may provide written notice to Medarex that it wishes to acquire an Exclusive Commercial License to an Antibody raised against such Research Antigen and to Products containing such Antibody.

  • In such event, the terms of Section 4.3.3 shall apply with respect to such Product in such country and the Exclusive Commercial License therefor.

  • Celldex may terminate the Exclusive Commercial License with respect to any particular Licensed Antibody at any time with immediate effect by giving written notice to Medarex.

  • It is further understood and agreed that any Exclusive Commercial License granted to Celldex shall be subject to any rights then in effect granted by Medarex to one or more third parties with respect to the applicable Research Antigen and any antibodies related thereto.

  • Should Celldex elect to terminate the Research Program for all Research Antigens without obtaining an Exclusive Commercial License pursuant to Section 4.3, this Agreement shall immediately terminate, in accordance with the terms of Section 13.4, upon thirty (30) days from the date of Medarex’s receipt of written notice from Celldex of such election.

  • If [Non-Navy Collaborator] does not cure the default within fifteen (15) days of date of notice, [Navy Collaborator] may proceed to terminate the Agreement in accordance with Article 11.2, and may cancel any option for an Exclusive Commercial License to a Subject Invention, and may terminate any Exclusive Commercial License granted pursuant to this Agreement.


More Definitions of Exclusive Commercial License

Exclusive Commercial License means the grant by the owner of Intellectual Property of the exclusive right to make, use, or sell an Invention for commercial purposes. As used in this Agreement, “Exclusive License” includes both an Exclusive License granted to any one of the Non-Navy Collaborators subject to a Non-Exclusive License to the other Non-Navy Collaborator(s) and Co-Exclusive License granted to Non-Navy Collaborators, unless otherwise specified.
Exclusive Commercial License shall have the meaning set forth in Section 2.1.2.

Related to Exclusive Commercial License

  • Reciprocal license means the issuance of an Iowa license to practice barbering to an applicant who is currently licensed in another state and which state has a mutual agreement to license persons who have the same or similar qualifications to those required in Iowa.

  • exclusive licence means a licence from the proprietor of or applicant for a patent conferring on the licensee, or on him and persons authorised by him, to the exclusion of all other persons (including the proprietor or applicant), any right in respect of the invention to which the patent or application relates, and “exclusive licensee” and “non-exclusive licence” shall be construed accordingly;

  • Professional license means any license, permit, certificate, registration, qualification, admission, temporary license, temporary permit, temporary certificate, or temporary registration that is described in divisions (W)(1) to (37) of this section and that qualifies a person as a professionally licensed person.

  • License means any Copyright License, Patent License, Trademark License or other license of rights or interests.

  • Licensed Territory means worldwide.