Common use of Inventory at Termination Clause in Contracts

Inventory at Termination. In the event this Agreement is terminated for any reason, the Licensee shall have the right to sell or otherwise dispose of Licensed Product then in its stock for up to [***] ([***]) months following the termination of this Agreement.

Appears in 4 contracts

Sources: Exclusive Licence Agreement, Exclusive Licence Agreement (Ascendis Pharma a/S), Exclusive Licence Agreement (Ascendis Pharma a/S)

Inventory at Termination. In the event this Agreement is terminated for any reason, the Licensee shall have the right to sell or otherwise dispose of Licensed Product Products then in its stock for up stock, subject to [***] ([***]) months following the termination applicable royalty payments due under Clauses 7.4 to 7.7, and any other applicable provisions of this Agreement, and Ascendis covenants not to ▇▇▇ the Licensee for infringement under any Patents with respect to such activities conducted by the Licensee pursuant to this 19.5.

Appears in 2 contracts

Sources: Exclusive Licence Agreement (Ascendis Pharma a/S), Exclusive Licence Agreement (Ascendis Pharma a/S)