Common use of Restrictions on Use of Materials Clause in Contracts

Restrictions on Use of Materials. 2.2.2.1. Mersana (a) will not use the Merck Antibodies for any purpose other than exercising its rights and performing its obligations under the applicable Research Plan, (b) will only use the Merck Antibodies in compliance with all Applicable Laws, and (c) will not transfer the Merck Antibodies or grant any rights thereto to any Third Party without the express prior written consent of Merck. Merck will retain full ownership of, and all right, title and interest in and to, the Merck Antibodies. At the end of the applicable Research Program Term, or upon earlier termination of this Agreement, Mersana will at the instruction of Merck either destroy or return any remaining Merck Antibodies.

Appears in 4 contracts

Samples: Schedules and Exhibits (Mersana Therapeutics, Inc.), License Agreement, License Agreement (Mersana Therapeutics, Inc.)

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