Stanford Technology definition
Examples of Stanford Technology in a sentence
Newco shall have the right to grant and authorize further sublicenses under Stanford Patents and Stanford Technology, subject to its compliance with its obligations to Stanford set forth in Exhibit 2, subsection (b).
Subject to the terms and conditions set forth in this Agreement, Company hereby grants to Newco: (a) a sublicense under the Stanford Patents in the Newco Field to make, have made, use, import, offer to sell and sell Licensed Products in the Territory and (b) a sublicense under Company’s nonexclusive interest in the Stanford Technology in the Newco Field to research, develop, make, have made, use, import, offer to sell and sell Licensed Product and otherwise exploit Stanford Technology in the Territory.
Stanford may file patent applications covering Stanford Technology (“Stanford Patents”) at its own discretion and expense, or at the request of Company at Company’s expense.
Company may use Stanford Technology that is not covered by Stanford Patents for any lawful purpose.
Stanford will provide Company with a complete, written, confidential disclosure of Stanford Technology after the disclosure is received by Stanford’s Office of Technology Licensing.
For clarity, Newco acknowledges that Company’s license to the Stanford Technology is non-exclusive and that accordingly, that (A) the exclusivity granted to Newco under subsection (b) above is limited to the non-exclusive interest in the Technology conveyed to Company under the Stanford License, and (B) that Stanford retained the right to grant additional licenses under the Stanford Technology to third parties.
Stanford and any such other institution have the right to publish any information included in the Stanford Technology or a Stanford Patent.
At such time as the process for the production of the Product is transferred to Merck [*], the license in Section 4.1 shall include a sublicense under the Stanford In-License to the Stanford Manufacturing Know-How and Stanford Technology necessary to produce the Product using the CFE.
The license granted pursuant to this Section 4.1 shall not include any sublicense under the Stanford In-License, or any other rights to any Stanford Manufacturing Know-How or any other Stanford Technology, unless and until Merck receives such license pursuant to Section 5.8 to manufacture the Product itself.
Newco further acknowledges that HHMI has retained an irrevocable, perpetual, worldwide, royalty-free, nonexclusive, nontransferable license to the Stanford Patents and Stanford Technology.