Common use of 1Term Clause in Contracts

1Term. The term of this Agreement will begin on the Effective Date and will expire upon expiration of the last remaining Royalty Term, unless earlier terminated in accordance with the termination provisions (the “Term”). On a Licensed Product-by-Licensed Product and country-by-country basis, upon expiration of the applicable Royalty Term, Licensee will have a fully paid-up perpetual license to Licensed Know-How for such Licensed Product in such country (“country” shall also be deemed to refer to territories).

1Term. The term This Agreement will commence as of the Effective Date and, unless terminated earlier, this Agreement will begin continue in full force and effect until, with respect to any Licensed Product(s), on a country-by-country basis, the Effective Date and will expire upon expiration of the last remaining to expire Royalty Term, unless earlier terminated Term with respect to such Licensed Product in accordance with such country in the termination provisions Territory (the “Term”). On a Licensed Product-by-Licensed Product and country-by-country basis, upon Upon expiration of the Royalty Term for any Licensed Product in any country, the licenses granted with respect to the applicable Royalty Term, Licensee will have a fully paid-up perpetual license to Licensed Know-How for such Licensed Product in such country (“country” shall also be deemed to refer to territories)will become fully paid-up and irrevocable.

1Term. The term of this Agreement will begin on commence as of the Effective Date and and, unless sooner terminated as provided in this Article 12, will expire upon continue in effect until the expiration of the last-to-expire Royalty Term with respect to a Licensed Product in the last remaining Royalty Term, unless earlier terminated country in accordance with the termination provisions Territory (the “Term”). On a Licensed Product-by-Licensed Product and country-by-country basis, upon Upon expiration of the applicable Royalty TermTerm with respect to a Licensed Product in a country, the licenses granted to Licensee will have a fully paid-up perpetual license hereunder with respect to Licensed Know-How for such Licensed Product in such country (“country” shall also be deemed to refer to territories)will become fully paid-up, royalty-free, perpetual, and irrevocable.