Exclusive License definition
Examples of Exclusive License in a sentence
If a Generate Non-Platform In-License Agreement is brought to the attention of Amgen pursuant to this Section 6.6.1, the Parties will discuss in good faith whether the Know-How or Patents licensed to Generate under such Generate Non-Platform In-License Agreement should be (a) used by or on behalf of Generate in the performance of the Research Activities or the Follow-On Research or (b) sublicensed to Amgen pursuant to the Exclusive License with respect to any applicable Collaboration Target.
Amgen and its Affiliates may grant Sublicenses of any Exclusive License through multiple tiers of Sublicenses to one or more Sublicensees.
Upon the expiration of the Royalty Term for a given Licensed Product in a given country, the Exclusive License granted to Amgen under Section 4.1 will become fully-paid, perpetual, irrevocable and royalty free with respect to such Licensed Product.