Disposition of Licensed Products on Hand. Upon termination of this Agreement, Zingo shall return to Hybrid any tangible examples and prototypes of the Patent Rights in the Licensed Field, including any schematics, diagrams, designs and molds delivered to Zingo by Hybrid pursuant to Section 2.3, and Zingo, its Affiliates and Sublicensees may dispose of all previously made or partially made Licensed Product within a period of one hundred and twenty (120) days of the effective date of such termination provided that the sale of such Licensed Product by Zingo, its Sublicensees, or Affiliates shall be subject to the terms of this Agreement.
Appears in 2 contracts
Sources: License Agreement (Zingo, Inc), License Agreement (Hybrid Technologies Inc.)