Common use of DATE AND DURATION Clause in Contracts

DATE AND DURATION. This Agreement shall become effective on the Effective Date and remain active for ten (10) years following the date Licensee first ships their own product containing the Patent Rights. The rights and obligations of this Agreement shall remain in effect until expiration of the last patent licensed under this Agreement, or termination by notice in accordance with the provisions of this Agreement.

Appears in 2 contracts

Sources: Patent License Agreement (Adomani, Inc.), Patent License Agreement (Adomani, Inc.)