Common use of Program Term Clause in Contracts

Program Term. The DEVELOPMENT PROGRAM shall remain in effect for a term of 36 months beginning on the ORIGINAL AGREEMENT EFFECTIVE DATE. 16.1.1 In the event that UTD and the LICENSEE have entered into RESEARCH AGREEMENTS, that become effective before the expiration of the Program Term, the intellectual property provisions of such agreements shall be subject to this Agreement until such agreements are terminated. 16.1.2 In the event that the LICENSEE has applied for a GRANT from a GRANTING PROGRAM before the expiration of the Program Term and for which UTD has provided LICENSEE with an institutional letter of commitment, such GRANT shall be covered by this Agreement. In the event that such GRANTING PROGRAM includes multiple stages, this Agreement will cover all stages of such GRANTING PROGRAM to which the GRANT relates, so long as UTD continues to receive funding under the GRANTING PROGRAM. For the purposes of clarity, the following example is included. If an SBIR phase 1 is initiated by the LICENSEE 36 months after the ORIGINAL AGREEMENT EFFECTIVE DATE with UTD included as the RESEARCH INSTITUTION, this Agreement would apply to the phase 1, phase 2, and phase 3 of the GRANTING PROGRAM to which the GRANT relates.