Licensed IP Rights definition
Examples of Licensed IP Rights in a sentence
Cidara further acknowledges and agrees that any permitted Affiliate transferee of any Licensed IP Rights or Cidara’s interest in any Joint Patents or Joint Inventions will take such Licensed IP Rights or Cidara’s interest in such Joint Patents or Joint Inventions or the applicable rights thereunder subject to the terms of this Agreement, including the License, and Cidara shall obtain such permitted Affiliate transferee’s written acknowledgment of, and agreement to, the foregoing.
In addition, during the Term, Cidara shall not transfer or assign, and shall not permit any of its Controlled Affiliates to transfer or assign, any Licensed IP Rights or Cidara’s interest in any Joint Patents or Joint Inventions to any Affiliate of Cidara that is not a Controlled Affiliate (except in conjunction with a permitted assignment by Cidara of this Agreement and all of Cidara’s rights and obligations hereunder in accordance with Section 15.3).
For clarity, notwithstanding the licenses granted in this Section 3.1, Cidara retains the right under the Licensed IP Rights to perform Cidara’s obligations under this Agreement and the Mundipharma Agreement and any other Cidara Out-Licenses [***].