Common use of The Option Clause in Contracts

The Option. Grant Recipient(s) hereby grant to the Project Stakeholder(s) that contribute(s) at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those Results. A Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of Results. The respective Project Stakeholder shall indemnify Grant Recipient(s) against claims from third parties arising out of the use or exploitation of Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(sThe Academic Partner(s) hereby grant to the Project Stakeholder(sother Parties a non-transferable and non-exclusive licence to use the Results for the purpose of conducting the Project, without the right to sublicense. The Academic Partner(s) hereby grant to the Non-Academic Partner that contribute(s) contributes at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project StakeholderNon-Academic Partner’s Field of Use or acquire ownership of those ResultsUse. A Project Stakeholder The Non-Academic Partner may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient Academic Partner within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder Non-Academic Partner obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder Non-Academic Partner pays to the Grant Recipient(sAcademic Partner(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders Non-Academic Partners of at least thirty percent (30%) % of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project StakeholderNon-Academic Partner; The respective Project Stakeholder Non-Academic Partner shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(sAcademic Partner(s) on the progress of the exploitation frequently; Grant Recipients All Academic Partners shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(sThe Academic Partner(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder Non-Academic Partner arising out of the use or exploitation of the Results. The respective Project Stakeholder Non-Academic Partner shall indemnify Grant Recipient(sthe Academic Partner(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project StakeholderNon-Academic Partner. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU Report: NFU report on ‘Ten Principles for Socially Responsible Licensing’. ’ xxxxx://xxx.xxx.xx/img/pdf/19.4511_Ten_principles_for_Socially_Responsible_Licensing_v19-12-2019.pdf In the event that a Project Stakeholder Non-Academic Partner has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(sAcademic Partner(s) shall be free to offer the Results concerned to a third party.

The Option. The Grant Recipient(s) hereby grant to the Project Stakeholder(s) Stakeholder that contribute(s) contributes at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those ResultsUse. A The Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; All Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; The Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of the Results. The respective Project Stakeholder shall indemnify the Grant Recipient(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’’ (xxx.xxx.xx/xxxxx/xxxxxxx/xxxxx/0000-00/00.0000_Xxx_xxxxxxxxxx_xxx_Xxxxxxxx_Xxxxxxxxxxx_Xxxxxxxxx_x00-00-0000.xxx). In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(s) Recipient hereby grant to the Project Stakeholder(s) that contribute(s) at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those Results. A Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; Grant Recipients Recipient shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(s) Recipient shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of Results. The respective Project Stakeholder shall indemnify Grant Recipient(s) Recipient against claims from third parties arising out of the use or exploitation of Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(s) hereby grant to the Project Stakeholder(s) that contribute(s) at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those Results. A Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by If the Project Stakeholders of have contributed at least thirty percent (30%) of the Project budget are considered Budget, Parties may consider the contributions as an indication of a fair and reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; , notwithstanding state aid rules. The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of Results. The respective Project Stakeholder shall indemnify Grant Recipient(s) against claims from third parties arising out of the use or exploitation of Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. The Grant Recipient(s) hereby grant to the Project Stakeholder(s) Programme Stakeholder that contribute(s) contributes at least ten percent (10%) of the Project [Programme/Project] budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project Programme Stakeholder’s Field of Use or acquire ownership of those ResultsUse. A Project The Programme Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Programme Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Programme Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Programme Stakeholders of at least thirty percent (30%) of the Project [Programme/Project] budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Programme Stakeholder; The respective Project Programme Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; All Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; The Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Programme Stakeholder arising out of the use or exploitation of the Results. The respective Project Programme Stakeholder shall indemnify the Grant Recipient(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project Programme Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’’ (xxx.xxx.xx/xxxxx/xxxxxxx/xxxxx/0000-00/00.0000_Xxx_xxxxxxxxxx_xxx_Xxxxxxxx_Xxxxxxxxxxx_Xxxxxxxxx_x00-00-0000.xxx). In the event that a Project Programme Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(sThe Academic Partner(s) and NWO hereby grant to the Project Stakeholder(sother Parties a non-transferable and non-exclusive licence to use the Results for the purpose of conducting the Project, without the right to sublicense. The Academic Partner(s) and NWO hereby grant to the Non-Academic Partner that contribute(s) contributes at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project StakeholderNon-Academic Partner’s Field of Use or acquire ownership of those ResultsUse. A Project Stakeholder The Non-Academic Partner may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient Academic Partner within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder Non-Academic Partner obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder Non-Academic Partner pays to the Grant Recipient(sAcademic Partner(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders Non-Academic Partners of at least thirty percent (30%) % of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project StakeholderNon-Academic Partner; The respective Project Stakeholder Non-Academic Partner shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(sAcademic Partner(s) on the progress of the exploitation frequently; Grant Recipients All Academic Partners shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(sThe Academic Partner(s) and NWO shall not be held liable for any loss or damage incurred by the respective Project Stakeholder Non-Academic Partner arising out of the use or exploitation of the Results. The respective Project Stakeholder Non-Academic Partner shall indemnify Grant Recipient(sthe Academic Partner(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project StakeholderNon-Academic Partner. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU Report: NFU report on ‘Ten Principles for Socially Responsible Licensing’. ’ xxxxx://xxx.xxx.xx/img/pdf/19.4511_Ten_principles_for_Socially_Responsible_Licensing_v19-12-2019.pdf In the event that a Project Stakeholder Non-Academic Partner has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(sAcademic Partner(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(s) hereby grant to the Project Stakeholder(s) that contribute(s) at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those Results. A Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by If the Project Stakeholders of have contributed at least thirty percent (30%) of the Project budget are considered Budget, Parties may consider the contributions as an indication of a fair and reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder, notwithstanding state aid rules; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of Results. The respective Project Stakeholder shall indemnify Grant Recipient(s) against claims from third parties arising out of the use or exploitation of Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. The Grant Recipient(s) hereby grant to the other Parties a non-transferable and non-exclusive licence to use the Results for the purpose of conducting the Project, without the right to sublicense. The Grant Recipient(s) hereby grant to the Project Stakeholder(s) Stakeholder that contribute(s) contributes at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those ResultsUse. A The Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; All Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; The Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of the Results. The respective Project Stakeholder shall indemnify the Grant Recipient(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’’ (xxx.xxx.xx/xxxxx/xxxxxxx/xxxxx/0000-00/00.0000_Xxx_xxxxxxxxxx_xxx_Xxxxxxxx_Xxxxxxxxxxx_Xxxxxxxxx_x00-00-0000.xxx). In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. The Grant Recipient(s) hereby grant to the Project Stakeholder(s) Stakeholder that contribute(s) contributes at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit the Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those ResultsUse. A The Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, the Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; All Grant Recipients shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; The Grant Recipient(s) shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of the Results. The respective Project Stakeholder shall indemnify the Grant Recipient(s) against claims from third parties arising out of the use or exploitation of the Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. Licensing’1 In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.

The Option. Grant Recipient(s) Recipient hereby grant to the Project Stakeholder(s) that contribute(s) at least ten percent (10%) of the Project budget an Option to acquire an exclusive or non-exclusive right to exploit Results in the respective Project Stakeholder’s Field of Use or acquire ownership of those Results. A Project Stakeholder may exercise the Option for any specific part of the Results by written notification to the respective Grant Recipient within three (3) months of being informed of the Results. Upon exercising the Option, Parties concerned shall promptly enter negotiations in good faith to reach agreement on fair and reasonable conditions within six (6) months of the written exercise of the Option. The licence or transfer agreement shall include at least the following provisions: The respective Project Stakeholder obtains the right to use and exploit the Results in its Field of Use; The respective Project Stakeholder pays to the Grant Recipient(s) that own the Results a fair and reasonable market price. Contributions by Project Stakeholders of at least thirty percent (30%) of the Project budget are considered a reasonable market price in exchange for a non-exclusive licence in the Field of Use of the respective Project Stakeholder; The respective Project Stakeholder shall make best endeavours to exploit the Results in its Field of Use and report to the Grant Recipient(s) on the progress of the exploitation frequently; Grant Recipients Recipient shall retain the right at all times to use Results for further non-commercial research and education on a royalty-free basis; Grant Recipient(s) Recipient shall not be held liable for any loss or damage incurred by the respective Project Stakeholder arising out of the use or exploitation of Results. The respective Project Stakeholder shall indemnify Grant Recipient(s) against claims from third parties arising out of the use or exploitation of Results by or through the respective Project Stakeholder. The licence or transfer agreement shall take into account the Ten Principles for Socially Responsible Licensing as laid down in the NFU report on ‘Ten Principles for Socially Responsible Licensing’. In the event that a Project Stakeholder has failed to exercise the Option within the set timeframe the Option for the Results concerned shall lapse and the respective Grant Recipient(s) shall be free to offer the Results concerned to a third party.