Common use of Right to Sell Stock on Hand Clause in Contracts

Right to Sell Stock on Hand. Upon the termination of this Agreement for any reason other than a failure to cure a material breach of this Agreement by Kos, Kos and its Affiliates shall have the right for one (1) year, or such longer period as the parties may agree in writing, to dispose of all Licensed Products or substantially completed Licensed Products then on hand, and running royalty shall be paid to Fuisz with respect to such Licensed Products as though such termination had not occurred.

Right to Sell Stock on Hand. Upon the termination of this Agreement for any reason other than a failure to cure a material breach of this Agreement by Kos, Kos and its Affiliates shall have the right for one (1) year************, or such longer period as the parties may agree in writing, to dispose of all Licensed Products or substantially completed Licensed Products then on hand, and running royalty shall be paid to Fuisz with respect to such Licensed Products as though such termination had not occurred.