Common use of Additional Applications Clause in Contracts

Additional Applications. (a) At any time during the Term, the Licensee may serve a notice on NSi that it wishes to obtain a separate commercial licence for an application of the Project IP within or outside the Field (Additional Application). (b) The parties must work together in good faith on an exclusive basis for a period of [ * ] (Exclusivity Period) after service of a notice pursuant to clause 13.4(a) to agree on the terms (including, without limitation, the royalty rate) on which the Additional Application will be licensed to the Licensee provided that if the parties agree on terms: (i) the parties will enter into a new separate license agreement; and (ii) [ * ] will [ * ] during the Exclusivity Period in respect of any Intellectual Property the subject of the negotiation.