Common use of Disposition of Inventory Clause in Contracts

Disposition of Inventory. In the event of the cancellation or termination of any license rights with respect to a Product, inventory of such Product may be sold for up to six (6) months after date of cancellation or termination, provided required payments, if any, are paid thereon.

Appears in 3 contracts

Samples: Development and License Agreement (Agouron Pharmaceuticals Inc), Trademark License Agreement (Agouron Pharmaceuticals Inc), License Agreement (Agouron Pharmaceuticals Inc)

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Disposition of Inventory. In the event of the cancellation or termination of any license rights with respect to a Product, the inventory of such Product may be sold for up to six (6) months after date of cancellation or termination, provided the required payments, if any, are paid thereon.

Appears in 1 contract

Samples: License and Supply Agreement (Agouron Pharmaceuticals Inc)

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