Development Information. In the event MAYO enters into a license for such Licensed Products with a third party, COMPANY shall grant such third party the right to make use of Development Information in exchange for the obligation of such third party to reimburse COMPANY for all reasonable and documentable costs incurred by COMPANY in developing or obtaining such Development Information. Should COMPANY have developed any Know-how or other intellectual property covering any Licensed Product during the term of this Agreement, COMPANY shall negotiate in good faith with such third party a license on commercially reasonable terms to practice under the same for development, use or sale of Licensed Product.
Appears in 2 contracts
Sources: Patent License and Know How Agreement (Kardigan, Inc.), Patent License and Know How Agreement (Kardigan, Inc.)