Common use of Grant Back Clause in Contracts

Grant Back. The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s obligation in Section 3.1(e) that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.6.

Appears in 6 contracts

Samples: Exclusive License Agreement (Cytrx Corp), Exclusive License Agreement (Cytrx Corp), Exclusive License Agreement (Cytrx Corp)

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Grant Back. The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s obligation in Section 3.1(e) that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a non-exclusive license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.6.

Appears in 6 contracts

Samples: Exclusive License Agreement (Cytrx Corp), Exclusive License Agreement (Rxi Pharmaceuticals Corp), Exclusive License Agreement (Cytrx Corp)

Grant Back. The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s obligation to the Medical School in Section 3.1(e) that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a non-exclusive license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.6.

Appears in 4 contracts

Samples: Exclusive License Agreement (Cytrx Corp), Exclusive License Agreement (Rxi Pharmaceuticals Corp), Exclusive License Agreement (Rxi Pharmaceuticals Corp)

Grant Back. The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s obligation in Section 3.1(e) ), that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a non-exclusive license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} or {***} for Covered Products or Developed Products, respectively, of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.66.5.

Appears in 2 contracts

Samples: License Agreement (Rxi Pharmaceuticals Corp), License Agreement (Rxi Pharmaceuticals Corp)

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Grant Back. The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s 's obligation in Section 3.1(e) ), that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a non-exclusive license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} or {***} for Covered Products or Developed Products, respectively, of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.66.5.

Appears in 1 contract

Samples: License Agreement (Cytrx Corp)

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