Common use of Back-Up Compounds Clause in Contracts

Back-Up Compounds. Subject to the terms and conditions of this Agreement, Corvas hereby grants to Schering an exclusive, even as to Corvas, license under the Corvas Patent Rights and Corvas Know-How, with the right to grant sublicenses, to make, use, offer for sale, import and export Back-up Compounds for all uses in the Territory. The license granted in this Section 3.1(b) shall expire when Back-up Compounds become Licensed Products in accordance with Section 2.5(b).

Appears in 2 contracts

Sources: License and Collaboration Agreement (Corvas International Inc), License and Collaboration Agreement (Corvas International Inc)