Licensor Termination Rights. Licensor shall have the right to terminate this Agreement (without prejudice to any rights which Licensor may have either under the provisions herein or otherwise), effective as of the date of receipt by Licensee of written notice of such termination by Licensor, upon the occurrence of any of the following events. In the event of such a termination, Licensee’s rights to the Licensed Property shall immediately cease to exist and ALL rights to the Licensed Property shall immediately revert to the Licensor.
Appears in 2 contracts
Sources: Patent License Agreement (YOBI CAPITAL FUND Corp), Patent License Agreement (YOBI CAPITAL FUND Corp)