Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Grant of Rights clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Grant of Rights. License Grant. University grants to Company an exclusive license to University's rights in and to the Patent Rights for the sole purpose of researching, developing, manufacturing, having manufactured, using, offering for sale and selling and importing Licensed Products in the Field in the Territory and to practice and have practiced any Licensed Processes in the Field in the Territory. UNIVERSITY Exclusive License Agreement (equity) (version 11/2007, rev 8-09) 9 2.2. Sublicenses. Company may gra...nt sublicenses of its rights under Section 2.1. All Sublicense Agreements executed by Company pursuant to this Section 2.2 shall expressly bind the Sublicensee to the terms of this Agreement applicable to Sublicensees. Company shall promptly furnish University with a fully executed, un-redacted copy of any Sublicense Agreement, or any other agreement (option, research and development, etc., other than agreements that grant rights only to the extent necessary to enable contract research organizations, contract manufacturing organizations and other services providers to perform services for Company, its Affiliates and Sublicensees and for which Company, its Affiliates and Sublicensees do not receive any consideration other than the contracted service) that Company executes with a third party that promises rights to the Patent Rights. Any agreement provided by Company to University hereunder shall constitute Company's Confidential Information, and University shall not disclose any such agreement to any third party, except as required by law or regulation. For the avoidance of doubt, the audit rights described in Section 5.5 shall apply to all Sublicense Agreements in order for University to monitor compliance with this Agreement. 2.3. Retained Rights. (a) University. University retains the right to use the Patent Rights for academic research, teaching, and non-commercial patient care, without payment of compensation to Company. University may license its retained rights under this Subsection 2.3(a) to research collaborators of University faculty members, post-doctoral fellows, and students. (b) Federal Government. If the federal government has funded any invention claimed in the Patent Rights, this Agreement and the grant of any rights in Patent Rights are subject to the federal law set forth in 35 U.S.C. §§ 201-211 and the regulations promulgated thereunder, as amended, or any successor statutes or regulations. Company acknowledges that these statutes and regulations reserve to the federal government a royalty-free, non-exclusive, non-transferrable license to practice any government-funded invention claimed in the Patent Rights. If any term of this Agreement fails to conform to those laws and regulations, the relevant term is invalid, and the parties shall modify the term pursuant to Section 10.11.View More
Grant of Rights. 2.1. License Grant. Grants. (a) Patent Rights. University grants to Company an exclusive exclusive, worldwide, royalty-bearing license (with the right to University's rights sublicense) in and to the Patent Rights for the sole purpose of researching, developing, manufacturing, having manufactured, using, offering for sale to make, have made, use, and selling and importing sell Licensed Products in the Field Field. 2 (b) Related Technology. University grants to Company a non-exclusive, royalty-be...aring, perpetual license (with the right to sublicense) under its commercial rights in the Territory Related Technology to make, have made, use, and to practice sell Licensed Products and have practiced any Licensed Processes Services in the Field in the Territory. UNIVERSITY Exclusive License Agreement (equity) (version 11/2007, rev 8-09) 9 Field. 2.2. Sublicenses. Company may grant sublicenses of its rights under Section 2.1. with the consent of University, which consent may not be unreasonably withheld or delayed. All Sublicense Agreements sublicense agreements executed by Company pursuant to this Section 2.2 Article 2 shall expressly bind the Sublicensee to the terms of this Agreement applicable to Sublicensees. Agreement. Company shall promptly furnish University with a fully executed, un-redacted executed copy of any Sublicense Agreement, or any other agreement (option, research and development, etc., other than agreements that grant rights only to the extent necessary to enable contract research organizations, contract manufacturing organizations and other services providers to perform services for Company, its Affiliates and Sublicensees and for which Company, its Affiliates and Sublicensees do not receive any consideration other than the contracted service) that Company executes with a third party that promises rights to the Patent Rights. Any agreement provided by Company to University hereunder shall constitute Company's Confidential Information, and University shall not disclose any such agreement to any third party, except as required by law or regulation. For the avoidance of doubt, the audit rights described in Section 5.5 shall apply to all Sublicense Agreements in order for University to monitor compliance with this Agreement. sublicense agreement. 2.3. Retained Rights. (a) University. University retains the right to use the Patent Rights for academic research, teaching, and non-commercial patient care, without payment of compensation to Company. University may license its retained rights under this Subsection 2.3(a) Section to research collaborators of University faculty members, post-doctoral fellows, and students. (b) Federal Government. If the federal government has funded any invention claimed in the Patent Rights, this Agreement and the grant of any rights in Patent Rights are subject to the federal law set forth in 35 U.S.C. §§ 201-211 and the regulations promulgated thereunder, as amended, or any successor statutes or regulations. Company acknowledges that these statutes and regulations reserve to the federal government a royalty-free, non-exclusive, non-transferrable license to practice any government-funded invention claimed in the Patent Rights. If any term of this Agreement fails to conform to with those laws and regulations, the relevant term is invalid, and the parties shall modify the term pursuant to Section 10.11. (c) Other Organizations. If a non-profit organization or state or local agency has funded any invention claimed in the Patent Rights, this Agreement and the grant of any rights in Patent Rights are subject to and governed by the terms of the applicable research grant. If any term of this Agreement fails to conform with those terms , the relevant term is invalid, and the parties shall modify the term pursuant to Section 10.11. View More
