Terminated Rights definition
Examples of Terminated Rights in a sentence
All rights and licenses granted by Merck to Moderna in Section 9.2 with respect to the Terminated Rights will terminate and Moderna and its Affiliates will cease all use of the applicable Merck Technology.
Except as otherwise necessary to continue exercising any ongoing licenses under this Agreement, upon expiration or termination of this Agreement, the Parties will return (or destroy or erase, as directed by the other Party) all data, files, records and other materials containing or comprising the other Party’s Confidential Information with respect to the Terminated Rights.
Subject to the remainder of this Section 15.5, all rights and licenses granted by Merck to Moderna in Section 9.2 with respect to the Terminated Rights will terminate and Moderna and its Affiliates will cease all use of the applicable Merck Technology.
Employee hereby cancels and terminates in all respects any and all Rights that may be held by Employee on the date hereof (collectively, the "Terminated Rights").
Employee hereby releases the Company, the Company Affiliates, their respective directors, officers, employees and agents, and their respective successors and assigns, from any liability to Employee whatsoever relating to, arising out of, or in connection with, such Terminated Rights.
On the date hereof, Employee has delivered to the Company for cancellation any original documents in Employee's control or possession evidencing or representing any such Terminated Rights.
Consultant hereby releases the Company, the Company Affiliates, their respective directors, officers, employees and agents, and their respective successors and assigns, from any liability to Consultant whatsoever relating to, arising out of, or in connection with, such Terminated Rights.
On the date hereof, Consultant has delivered to the Company for cancellation any original documents in Consultant's control or possession evidencing or representing any such Terminated Rights.
BMS and its Affiliates and Sublicensees shall cease all Development and Commercialization of any Licensed Compound, Licensed Product or any Adnectin used as part of a Program, and all other Program-related activities, in each case within the Terminated Rights, from the effective date of such termination and for at least five (5) years thereafter.
Fees for monthly services shall be invoiced monthly, and other fees shall be invoiced as and when incurred, but in any event not more frequently than monthly.