Sublicense definition
Examples of Sublicense in a sentence
If no sales of Licensed Products have been made and no Sublicense Fees have been received by LICENSEE during any reporting period, LICENSEE shall so report.
In no case, however, will UNIVERSITY be bound by duties and obligations contained in any Sublicense that extends beyond the duties and obligations of the UNIVERSITY set forth in this Agreement.
For each Licensed Product set forth below, the first time each commercial Milestone set forth below is achieved by Licensee or a Sublicense, Licensee shall pay to Licensor the corresponding commercial Milestone Payment set forth below.
Licensee shall pay to Licensor the percentage of Sublicense Fees set forth in Section 5.1.4 of Exhibit A, such payments to be made within [***].
For the avoidance of doubt, this provision shall not be construed as permitting the granting of a Sublicense to any sub-contractor other than in accordance with the requirements of Section 2.4 and any sub-contractors shall not be considered Sublicensees.