Common use of Termination by Stanford Clause in Contracts

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) is delinquent on any payment; (2) is in breach of any provision; or (B) Termination under this Section 9.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period. (C) As of the effective date of termination, Licensee will: (1) cease use of Biological Material; and (2) return to Stanford or destroy all Biological Material.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) is delinquent on any report or payment; (2) is not diligently developing and commercializing Licensed Product; (3) is in breach of any provision; or (4) provides any false report. (B) Termination under this Section 9.2 11.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day period. (C) As of the effective date of termination, Licensee will: (1) cease use and sale of Biological MaterialMaterial and any Licensed Products; and (2) return to Stanford or destroy all Biological Material.

Termination by Stanford. (A) Stanford may also terminate this Agreement if Licensee: (1) is delinquent on any payment;report or payment; (2) is not diligently developing and commercializing Licensed Product; (3) does not sell a Licensed Product by 2 years from Effective Date; (4) is in breach of any provision; provision; or (5) provides any false report. (B) Termination under this Section 9.2 11.2 will take effect 30 days after written notice by Stanford unless Licensee remedies the problem in that 30-day 30­day period. (C) As of the effective date of termination, Licensee will: (1) cease use and sale of Biological Material; Material and any Licensed Products; and (2) return to Stanford or destroy all Biological Material.