Common use of Development and Commercialization Licenses Clause in Contracts

Development and Commercialization Licenses. Subject to the terms and conditions of this Agreement, commencing upon the designation of a Claimed Target as a Committed Lead Target pursuant to Section 3.4.4, FivePrime hereby grants to GSK an exclusive, royalty-bearing license (as set forth in Article 6), with the right to grant sublicenses (including the right to further sublicense) pursuant to Section 4.1.3, under the FivePrime Collaboration Patent Rights, FivePrime Collaboration Know-How, and FivePrime’s interest in the Joint Patent Rights and Joint Know-How, to make, have made, use, sell, offer for sale and import Licensed Product(s) (for any ***, solely in the ***) with respect to such Committed Lead Target in the Field in the Territory, and a non-exclusive, royalty-free license, with the right to grant sublicenses (including the right to further sublicense) pursuant to Section 4.1.3, under the FivePrime Background Know-How and FivePrime Background Patents, solely to the extent necessary to exercise the exclusive license granted in this Section 4.1.2