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.

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.