Common use of Practical application Clause in Contracts

Practical application. 5.1 LICENSEE shall achieve PRACTICAL APPLICATION of the LICENSED INVENTION(S) within [****] of the LICENSE COMMENCEMENT DATE. 5.2 LICENSEE, once PRACTICAL APPLICATION of the LICENSED INVENTION(S) is achieved, shall thereafter maintain it throughout the LICENSE TERM.

Appears in 1 contract

Sources: License Agreement (Luna Innovations Inc)

Practical application. 5.1 LICENSEE shall achieve PRACTICAL APPLICATION of the LICENSED INVENTION(S) within [****] months of the LICENSE COMMENCEMENT DATE. 5.2 LICENSEE, once PRACTICAL APPLICATION of the LICENSED INVENTION(S) is achieved, shall thereafter maintain it throughout the LICENSE TERM.

Appears in 1 contract

Sources: License Agreement (Luna Innovations Inc)