NIH License definition
Examples of NIH License in a sentence
The Parties shall use commercially diligent efforts relative to Licensed Products, as set forth in Sections 10.1-10.3 of the NIH License, as set forth in Annex I.
In this regard, BN agrees that any sublicenses granted hereunder to the Patent Rights listed in Parts 1 or 2 of Annex C shall be subject to the obligations to the licensor of the NIH License set forth in Annex I.
The Parties recognize that the licenses granted under §9.01 are subject to the rights of the licensor of the NIH License as is set forth in the NIH License, including without limitation in Sections 5.01-5.04 of the NIH License, as set forth in Annex I.
The Parties agree that Crucell will send a fully-executed copy of this Agreement to the licensor of the NIH License.
In this regard, BN recognizes that the licensor of the NIH License may participate in, or control, such enforcement.
BN recognizes and agrees that, pursuant to Sections 8.01 and 8.02 of the NIH License (and as is set out in Annex I), the licensor of the NIH License shall have the right to inspect the books and records set forth in Section 12.8 of BN and, in the event of an underreporting or underpayment, then BN shall insure that any monies owed therefor is paid to Crucell within [***] of BN being informed that such monies are owed.
The foregoing notwithstanding, the Parties understand and agree that all such assignments on the part of Crucell will be subject to approval of the licensor of the NIH License.
In this regard, BN recognizes that the licensor of the NIH License may participate in, or control, such prosecution and/or maintenance.
Each Party and its Affiliates shall keep complete, true, and accurate books of account and financial records for the purpose of determining the payment amounts (including royalty payments (including the amount of royalties due under the NIH License), payments for Development costs incurred and payments based on the Cost of Goods) payable under this Agreement and payable under the NIH License.
Such conversion is subject to the approval of the licensor of the NIH License, which shall not be unreasonably withheld and is contingent upon acceptance by BN of the remaining provisions of the NIH License.