Common use of Effect of Expiration or Termination Clause in Contracts

Effect of Expiration or Termination. Except as set forth in Section 7.5, upon expiration or any termination of this Agreement pursuant to this Section 7 all obligations and rights and licenses granted hereunder shall immediately terminate and each Party shall have no further obligations. Each Party shall retain ownership of its respective Confidential Information, and shall, if requested, return to the other party all of the Confidential Information received from the other Party up to the effective date of termination.

Appears in 17 contracts

Samples: Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.)

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Effect of Expiration or Termination. Except as set forth in Section 7.57.6, upon expiration or any termination of this Agreement pursuant to this Section 7 all obligations and rights and licenses granted hereunder shall immediately terminate and each Party shall have no further obligations. Each Party shall retain ownership of its respective Confidential Information, and shall, if requested, return to the other party all of the Confidential Information received from the other Party up to the effective date of termination.

Appears in 4 contracts

Samples: Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.)

Effect of Expiration or Termination. Except as set forth in Section 7.5, upon expiration or any termination of this Agreement pursuant to this Section 7 all obligations and rights and licenses granted hereunder shall immediately terminate and each Party shall have no further obligations. Each Party shall retain ownership of its respective Intellectual Property Rights Confidential Information, and shall, if requested, return to the other party all of the Confidential Information and materials received from the other Party up to the effective date of termination.

Appears in 3 contracts

Samples: Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Fig Revenue Sharing Agreement (Fig Publishing, Inc.)

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Effect of Expiration or Termination. Except as set forth in Subject to Section 7.59.6, upon expiration or any termination of this Agreement pursuant to this Section 7 for whatever reason and regardless of the Party terminating shall result in termination of all obligations and rights and licenses granted hereunder shall immediately terminate and each by either Party shall have no further obligations. Each Party shall retain ownership of its respective Confidential Information, and shall, if requested, return to the other party all Party under this Agreement and termination of the Confidential Information received from either Party’s obligations owed to the other Party up and ONCORUS shall cease all activities related to the effective date Licensed Claims, and, either Party, at the choice of terminationthe other Party, shall return to such other Party or destroy all Confidential Information provided by such other Party.

Appears in 1 contract

Samples: License Agreement (Oncorus, Inc.)

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