Term of the License. The License shall expire, if not earlier terminated pursuant to the provisions of this Agreement, on a country-by-country, Product-by-Product basis, upon the later of: (i) the date of expiration in such country of the last to expire Licensed Patent included in the Licensed Technology; (ii) the date of expiration of any exclusivity on the Product granted by a regulatory or government body in such country; or (iii) the end of a period of twenty (20) years from the date of the First Commercial Sale in such country. Should the periods referred to in Subsections (i) or (ii) expire in a particular country prior to the period referred to in Subsection (iii), above, the license in that country or those countries shall be deemed a license to the Know-How during such post-expiration period. Upon the expiration of the later of the periods set forth in Subsections (i) through (iii) above (and provided that the License has not been terminated prior thereto), the Company shall have a fully-paid non-exclusive license to the Know-How, and the Company shall have an irrevocable option to obtain an exclusive license to the Know-How by agreeing to pay Yissum fifty percent (50%) of the consideration set forth in Section 7.3 and 7.6 below, in respect of Net Sales and Sublicense Consideration received during the period of such license which shall continue for a period of two (2) years after termination of the later of the periods as referred to above and shall be renewed automatically for additional successive two (2) year periods, unless the Company or Yissum notifies the other Party in writing prior to the end of the then current two (2) year period that it does not wish the license to be renewed as aforesaid.
Term of the License. Your right to use the Software shall be time-limited.
Term of the License. This Agreement shall continue in effect unless and until it is terminated by one of the parties in accordance with paragraph 10 hereof.
Term of the License. This License shall become effective as of the date of this Agreement, and shall remain in effect for six months from the date of the Agreement, after which time the License shall terminate for all purposes.
Term of the License. The term of this License (the "term") shall be limited to Sunday, October 8, 2017, 8:00
Term of the License. The License shall become effective as of the Effective Date and, unless sooner terminated pursuant to the Section 6 hereof shall remain in full force and effect for so long as Tanabe shall be obligated to make royalty payment to Signal pursuant to Section 5.4 of the Agreement.
Term of the License. Unless stipulated otherwise, the right of use is granted subject to the payment of the license fee and is, in principle, issued for an unlimited period of time. The right of use will automatically end with immediate effect in case of any infringement according to the Sections 2 to 4 of this XXXX.
Term of the License. The License shall expire, if not earlier terminated pursuant to the provisions of this Agreement, on a country-by-country, Product-by-Product basis, upon the later of: (i) the date of expiration in such country of the last to expire Licensed Patent included in the Licensed Technology; (ii) the date of expiration of any exclusivity on the Product granted by a regulatory or government body in such country; or (iii) the end of a period of twenty (20) years from the date of the First Commercial Sale in such country. Should the periods referred to in Subsections (i) or (ii) expire in a particular country prior to the period referred to in Subsection (iii), above, the license in that country or those countries shall be deemed a license to the Know-How during such post-expiration period. Upon the expiration of the later of the periods set forth in Subsections (i) through (iii) above (and provided that the License has not been terminated prior thereto), the Company shall have a fully-paid exclusive license to the Know-How only as it relates to the application of such Know-How to creating Products within the Field.
Term of the License. The License shall end, if not earlier terminated pursuant to the provisions of this Agreement, on a country-by-country, Product-by-Product basis, upon the later of: (i) the date of expiration of the last Valid Claim included in the Licensed Technology that covers the particular Product; (ii) the end of any exclusivity on the Product granted by a regulatory or government body; or (iii) the end of a period of 15 years from the date of the First Commercial Sale of the particular Product. Should the periods referred to in subsections (i) or (ii) expire prior to 15 years from the date of the First Commercial Sale in a particular country or countries, the license in that country or those countries shall be deemed a license to the Know-How. At the end of the later of the periods set forth above, the Company shall have a fully-paid non-exclusive license to the Licensed Technology. The Company shall have an irrevocable option to obtain an exclusive license to the Licensed Technology by agreeing to pay Yissum fifty percent (50%) of the consideration set forth in section 7.2 and 7.5, below.
Term of the License. The term of this License (the "term") shall be limited to July 1, July 15, July 29, August 12, 2022, rain date: August 19, 2022, 5:00 p.m. to 9:30 p.m. unless terminated sooner. Licensee agrees that Licensor reserves the unilateral right to terminate the term of this license at any time and for any reason upon immediate notice, which may be verbal or otherwise. Licensee agrees that license fees are non-refundable under all circumstances including but not limited to early termination of the term.
