Common use of Term and Expiration Clause in Contracts

Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below, the Term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, perpetual license.

Appears in 6 contracts

Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (ARMO BioSciences, Inc.), Exclusive Patent License Agreement (ARMO BioSciences, Inc.)

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Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below, the Term term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s Licensee’s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, royalty-free, irrevocable, perpetual non-exclusive license.

Appears in 3 contracts

Samples: License Agreement (Cerecor Inc.), Exclusive Patent And (Cerecor Inc.), Exclusive Patent And (Cerecor Inc.)

Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below, the Term term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s Licensee's obligation to pay royalties under Article VII herein (the "Term"). Upon expiration of this Agreement in its entirety, Licensee’s 's license pursuant to Section 2.01 shall become a fully paid-up, royalty-free, irrevocable, perpetual non-exclusive license.

Appears in 3 contracts

Samples: How License Agreement, How License Agreement (Cerecor Inc.), How License Agreement (Cerecor Inc.)

Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 12.3 or 12.03 12.4 below, the Term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s Licensee’s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license pursuant to Section 2.01 2.1 shall become a fully paid-up, non-exclusive, perpetual license.

Appears in 2 contracts

Samples: License Agreement (Eiger BioPharmaceuticals, Inc.), License Agreement (Celladon Corp)

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Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below, the Term term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s Licensee’s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, perpetual non-exclusive license.

Appears in 1 contract

Samples: Exclusive License Agreement (Lumos Pharma, Inc.)

Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below12.03, the Term term of this Agreement shall continue in effect on a country-by-by- country and product-by-product basis until the expiration of Licensee‘s Licensee’s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license licenses pursuant to Section 2.01 shall become a fully paid-up, royalty-free, irrevocable, perpetual licensenon-exclusive license and sublicense.

Appears in 1 contract

Samples: Patent and Know How License Agreement (Alto Neuroscience, Inc.)

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