Common use of Exclusive License Grant Clause in Contracts

Exclusive License Grant. Subject to the terms and conditions of this Agreement (including Section 3.5.1 (Takeda Retained Rights)), Takeda hereby grants to Licensee an exclusive, sublicensable (subject to Section 3.3 (Sublicensing)), royalty-bearing right and license under the Takeda Technology and Takeda’s interest in the Joint Technology to Exploit the Licensed Compounds and Licensed Products in the Field in the Licensee Territory.

Exclusive License Grant. Subject to the terms and conditions of this Agreement (including Section 3.5.1 (Takeda Retained Rights))Agreement, Takeda Licensee hereby grants to Licensee Takeda an exclusive, sublicensable (subject to Section 3.3 (Sublicensing)), royalty-bearing right and license under the Takeda Licensee Technology and TakedaLicensee’s interest in the Joint Technology to Exploit the TAK-385 Licensed Compounds Compound and TAK-385 Licensed Products in the Field in the Licensee Takeda Territory.