Deemed Granted Sample Clauses
The "Deemed Granted" clause establishes that certain rights, approvals, or consents are automatically considered to have been given if a party fails to respond or act within a specified timeframe. In practice, this means that if, for example, a licensor does not formally approve or reject a request from a licensee within 30 days, the approval is assumed to be granted by default. This clause ensures that processes are not delayed indefinitely due to inaction, providing certainty and efficiency by preventing one party from stalling progress through non-responsiveness.
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Deemed Granted. If access is not granted or denied by Licensor within thirty (30) days of Licensee’s written request, and Licensor has not been in communication with Licensee over such thirty (30) day period, Licensee may provide written notice of the same to Licensor and if Licensor shall fail to respond within five (5) business days, then the application will be deemed granted. The Parties agree and acknowledge that the grant or denial of Licensee’s request may take longer than thirty