Common use of Sublicense Right Clause in Contracts

Sublicense Right. The Regents also grants to Prometheus the right to issue sublicenses to third parties to conduct research in the Field of Use using the Patent Rights and to make, have made, use, sell, have sold, offer for sale, and import Patent Products and to practice the Patent Method, provided Prometheus retains current exclusive rights thereto under this Agreement. To the extent applicable, such sublicenses will include all of the rights of and obligations due to The Regents (and, if applicable, the United States Government) that are contained in this Agreement including payment of royalties at the rates provided for in Article 3 (Royalties).