Inventory on Hand. Upon termination or expiration of this Agreement for any reason other than for non-payment of Royalties and Milestone Payments, Licensee and its Sublicensees may sell or otherwise distribute the inventory of any Product then on hand until the first anniversary of the date of such termination. All such sale or distribution shall be subject to the relevant terms of this Agreement (including the payment of Royalties thereon).
Appears in 5 contracts
Samples: Non Exclusive License Agreement, Non Exclusive License Agreement (Allakos Inc.), Non Exclusive License Agreement (Allakos Inc.)
