Examples of Licensed Field in a sentence
The license is Exclusive, including the right to sublicense under Article 4, in the Licensed Field of Use beginning on the Effective Date of the Original Agreement and ending on June 15, 2025, and may be extended as specified below.
Subject to the terms and conditions of this Agreement, Stanford grants Company a license under the Licensed Patent in the Licensed Field of Use to make, have made, use, import , offer to sell and sell Licensed Product in the Licensed Territory.
Company may grant Sublicenses in the Licensed Field of Use only during the Exclusive term and only if Company is developing or selling Licensed Products.
LIFT is accessible to Licensee subject to Licensee’s full compliance with its obligations under the Agreement, including, but not limited to, Licensee having (i) submitted all relevant royalty statements timely, and such royalty statements being true, complete, and accurate in every respect, and (ii) fulfilled its relevant payment obligations in connection with such royalty statements for all Licensed Product in the Licensed Field, as applicable.
Agreements related to one or more of the Licensed Patents for Licensed Products in the Licensed Field will be taken into account when calculating the Compensation due by Licensee, provided that Licensee reasonably proves the existence of such existing agreements.