Common use of Cooperation; Technology Transfer Clause in Contracts

Cooperation; Technology Transfer. In connection with the exercise of any license hereunder or under a grant agreement (as applicable), the Company will take further actions, including technology transfer (subject to the transferee agreeing to appropriate confidentiality obligations), as would be commercially reasonable industry practice at the time with respect to providing a biotechnology license to a third party, to accommodate that the Foundation, the Foundation’s sublicensees, and/or the relevant Foundation-supported Entity can effectively exercise the applicable license or sublicense and use the related technology (including the right to reference regulatory filings related to the applicable products).

Appears in 2 contracts

Sources: Strategic Relationship Agreement, Strategic Relationship Agreement (Arsanis, Inc.)

Cooperation; Technology Transfer. In connection with the exercise event of any license hereunder or under a grant agreement (as applicable)License Trigger Event, the Company will take further actions, including technology transfer (subject to the transferee agreeing to appropriate confidentiality obligations), as would be commercially reasonable industry practice at the time with respect to providing a biotechnology license to a third party[***], to accommodate that the Foundation, the Foundation’s sublicensees[***], and/or the relevant Foundation-supported Entity can effectively exercise the applicable license or sublicense Global Health License and use the related technology if a License Trigger Event occurs (including the right to reference regulatory filings related to the applicable products).

Appears in 1 contract

Sources: Strategic Relationship Agreement (Achaogen Inc)