Common use of Entitlement to windfall Clause in Contracts

Entitlement to windfall. ‌ Without limiting the rights of a party under this Agreement, unless agreed otherwise in the IPR Management Plan, a party is entitled to retain any payments received from a third party as a result of Legal Proceedings in relation to the Licensed IPR, including from any settlement.

Appears in 2 contracts

Sources: Licence Agreement (Exclusive Commercialisation), Licence Agreement

Entitlement to windfall. ‌ Without limiting the rights of a party under this Agreement, unless agreed otherwise in the IPR Management Plan, a party is entitled to retain any payments received from a third party as a result of Legal Proceedings in relation to the Licensed IPR, including from any settlement. Guidance Note for clause 11.1: This clause sets out the general representations and warranties that the parties make to each other with respect to entering into the Agreement.

Appears in 1 contract

Sources: Licensing Agreement