Common use of UNC Clause in Contracts

UNC. CH agrees that it will not license or sublicense any New Inventions or Discoveries to anyone other than Immtech without Immtech's express prior written consent. UNC-CH agrees that it will (1) within ten (10) days after its receipt by its Office of Technology Development from any BR Subcontractor or other subcontractor of a notice of any New Invention or Discovery, forward to Immtech a complete copy of such notice, (2) request from such BR Subcontractor any information requested by Immtech, (3) allow Immtech up to the 170th day of UNC-CH's 180 day License Option period (or up to the tenth (10th) day prior to the deadline for UNC-CH set forth in such License Option, if such License Option period is not 180 days) for Immtech to deliver a notice to UNC-CH stating whether or not Immtech requests UNC-CH to exercise its License Option with respect to such New Invention or Discovery, and (4) if so requested by Immtech pursuant to the preceding clause, duly exercise its License Option with respect to such New Invention or Discovery, and contemporaneously with such exercise, sublicense such New Invention or Discovery to Immtech on such terms as are as close to the terms of the license granted to UNC-CH as is permitted by the terms of such license granted to UNC-CH.