License Negotiation. When negotiating the terms of a material transfer agreement as described in this Section 8.4, the transferring Grantee shall [***].
License Negotiation. 5.1 Provided that UNIVERSITY accepts COMPANY'S diligence as provided under Article 4, the parties will ensure that the negotiations for a license agreement will begin within __ days after receipt of the funding specified in Section 4b or before the end of the term of this AGREEMENT, whichever is sooner.
License Negotiation. 5.1 Provided that UT SOUTHWESTERN accepts COMPANY'S diligence as provided under Article 4, the parties will ensure that the negotiations for a license agreement will begin within __ days after receipt of the funding specified in Section 4b or before the end of the term of this AGREEMENT, whichever is sooner.
License Negotiation. When COMPANY exercises its OPTION in accordance with Section 2.2 above, the Parties will negotiate a license agreement in good faith and on commercially reasonable terms. The parties agree that the license will include at least the following terms:
License Negotiation. 4.1 Good Faith In the event that Abbott exercises its option hereunder, each party agrees to negotiate in good faith the remaining terms of the license agreement.
License Negotiation. If SPONSOR notifies UNIVERSITY in writing of its exercise of the option within the option period, then the option period shall be extended for an additional ninety (90) days during which time the parties will proceed in good faith to negotiate a license agreement. Royalties and other terms of the license will be negotiated in good faith and shall be commercially reasonable and consistent with general industry practice. If SPONSOR does not exercise its option within the option period, or notifies UNIVERSITY that it will not exercise its option, or the Parties fail to sign a license agreement within the extended option period, then SPONSOR shall no longer have any claim to UNIVERSITY's rights in the subject INVENTION; provided, that if SPONSOR has timely exercised its option and the parties have failed to negotiate and sign a license agreement within the extended option period, UNIVERSITY shall not transfer or license the INVENTION to any third party on terms more favorable to the licensee than last offered by UNIVERSITY to SPONSOR for a period of one year following the termination of negotiations.. Any license granted to SPONSOR shall reserve for UNIVERSITY the right to use the licensed INVENTION for UNIVERSITY’s patient care, teaching, internal noncommercial research and publication (subject to the publication provisions set forth in any such license) purposes.
License Negotiation. Upon University’s receipt of Company’s written notice of intent to exercise of the option, University and Company shall enter into good faith discussions to negotiate a license agreement. Such negotiations shall extend for three months from Company’s exercise of the option (the “Negotiation Period”). If University and Company do not execute a license agreement within the Negotiation Period, provided that the Negotiation Period may be extended by written mutual agreement of the Parties, thereafter University is under no obligation to license University Patents to Company.
License Negotiation. Service Provider shall negotiate the business terms of tower space licenses between MDI and potential tower space licensees, using MDI’s approved form of tower space license. Service Provide shall keep MDI informed with respect to the negotiations and provide MDI with all drafts of all tower space licenses being negotiated for MDI’s review and approval. Unless otherwise approved in writing by MDI, all tower space licenses shall be for a minimum term of five (5) years. MDI may, in its sole discretion, determine whether it will enter into a tower space license negotiated by Service Provider. MDI may independently advertise and market the Tower Site and directly enter into tower space licenses with potential tower space licensees without Service Provider’s involvement. Any such tower space licenses entered into as a result of MDI’s efforts shall not be subject to the Marketing Fees described below.
License Negotiation. For a reasonable period of up to six (6) months after the EFFECTIVE DATE, (as may be extended by COMPANY for an additional six (6) months by payment of a non-refundable $150,000 extension fee on or before the expiration of such six (6) months) the parties agree to negotiate exclusively in good faith to enter into the License Agreement granting COMPANY exclusive rights to make, have made, import, use, market, offer for sale, and sell LICENSED PRODUCTS, and practice LICENSED PROCESSES under terms customary in the trade and including substantially the definitions and terms in Attachment A.
License Negotiation. Customer and Xxxxxx agree to negotiate licensing terms in good faith and in a timely manner. If Xxxxxx and Customer fail to complete license negotiations within five (5) months of written notice of election, Customer may elect by written notice to Xxxxxx to 1) forgo licensing of Xxxxxx Foreground IP, or 2) elevate to senior management, and if failing to reach agreement after elevation to senior management, Customer may continue to pursue agreement via third party mediation. If Customer chooses to forgo licensing, or if the parties fail in good faith to reach an agreement after a commercially reasonable period of third party mediation, Xxxxxx will have no further obligations to the Customer and may license patentable Xxxxxx Foreground IP to third parties.
