Common use of Disposition of Products Clause in Contracts

Disposition of Products. Upon termination of this Agreement or a portion of the license, ProCyte (and its Affiliates and sublicensees) shall have the right to complete any work in progress and sell or otherwise dispose of any affected Product within the next twelve (12) months; provided, however, that royalties and reports shall continue to be due on any Net Sales of such Product in accordance with this Agreement.

Appears in 1 contract

Sources: License Agreement (Procyte Corp /Wa/)

Disposition of Products. Upon termination of this Agreement or a portion of the license, ProCyte (and its Affiliates and sublicensees) shall have the right to complete any work in progress and sell or otherwise dispose of any affected Product within the next twelve (12) months; provided, however, that royalties and reports shall continue to be due on any Net Sales of such Product in accordance with this Agreement.

Appears in 1 contract

Sources: Restated Agreement (Hymedix Inc)