Common use of Transfer to Licensor Clause in Contracts

Transfer to Licensor. Should the laws or regulations of any country in the Territory vest the Licensee or Fresenius GmbH with any property rights to any of the Trademarks or Patents, or to any new patents, patent applications or trademarks owned solely by Licensor under Section 9.1 of this Agreement, the Licensee and Fresenius GmbH shall promptly and co-operatively relinquish to the Licensor (or, if relinquishment is not possible, grant for the life of such Trademarks or Patents an exclusive royalty-free license to the Licensor, of) any and all such rights upon termination of this Agreement for any reason.

Transfer to Licensor. Should the laws or regulations of any country in the Territory vest the Licensee or Fresenius GmbH AG with any property rights to any of the Trademarks or Patents, or to any new patents, patent applications or trademarks owned solely by Licensor Liecensor under Section 9.1 of this Agreement, the Licensee and Fresenius GmbH AG shall promptly and co-operatively relinquish to the Licensor (or, if relinquishment is not possible, grant for the life of such Trademarks or Patents an exclusive royalty-free license to the Licensor, of) any and all such rights upon termination of this Agreement for any reason.