Sub-License. (a) HERMES agrees PHARMAENGINE may, with HERMES’ prior written consent, ▇▇▇▇▇ sub-licenses under the license granted in Article 5.1 to develop and commercialize the Licensed Product in the Territory so long as such Sub-licensee(s) honors all the terms of this Agreement for the benefit of HERMES. (b) In the case of HERMES as a licensee pursuant to Article 5.2, PHARMAENGINE agrees HERMES may grant sub-licenses under such granted license in Article 5.2 to develop or commercialize the Licensed Product in the Retained Territory so long as such Sub-licensee(s) honors all the terms of this Agreement for the benefit of PHARMAENGINE.
Appears in 2 contracts
Sources: License Agreement (Merrimack Pharmaceuticals Inc), License Agreement (Merrimack Pharmaceuticals Inc)