Common use of Assignment of Certain Contracts Clause in Contracts

Assignment of Certain Contracts. In connection with the grant of the above licenses, if Licensee requests in writing within one year of the Effective Date, Demeter hereby agrees to assign to Licensee (to the extent permitted under the applicable contract), under and subject to all of the terms of this Agreement, including but not limited to the royalty and payment obligations of Articles III and IV, technology subject to Article II, of this Agreement developed under any university or government contract (other than the LSU License) to which Demeter is a party to the extent that such contract relates to the development, manufacture, use or sale of Licensed Plant Products or Licensed Formulated Products for Crop disease and/or pest control; provided that Licensee agrees to assume the obligations of Demeter under such contract. Demeter further agrees to execute any and all documents necessary or desirable to implement these rights.

Appears in 2 contracts

Sources: License and Royalty Agreement (Demegen Inc), License Agreement (Demegen Inc)