Common use of Sublicensing Rights Clause in Contracts

Sublicensing Rights. (a) The rights granted under the LMS Licence may be sub-licensed by Protea to any Third Parties without the need to obtain prior consent from LMS. Protea shall inform LMS of the name of the sub-licensee and the scope of the rights sub-licensed. However, Protea must ask LMS' prior written consent if Protea wishes to sub-license said rights to the LMS restricted entities referred to in Exhibit D. LMS shall be entitled to amend such entities referred to in Exhibit D at any time and at the latest 12 months before the first application for a Marketing Authorization for the Product, developed under the Development Program, is submitted by a Party.

Sublicensing Rights. (a) The rights licenses granted under the LMS Licence Protea License may be sub-licensed by Protea LMS to any Third Parties without the need to obtain prior consent from LMSProtea. Protea LMS shall inform LMS Protea of the name of the sub-licensee and the scope of the rights sub-licensed. However, Protea LMS must ask LMS' Protea's prior written consent if Protea LMS wishes to sub-license said rights to the LMS Protea restricted entities referred to in Exhibit D. LMS Protea shall be entitled to amend such entities referred to in Exhibit D at any time and at the latest 12 months before the first application for a Marketing Authorization for the Product, developed under the Development Program, is submitted by a Party.