Common use of Exploitation Clause in Contracts

Exploitation. The Licensee undertakes to actively exploit and commercialize the Intellectual Property Rights personally or through Sub-Licensees (if authorized) to the maximum extent and throughout the Territory in a real and serious manner. The Licensee shall provide the Licensor with periodic reports, at least once annually, detailing the progress of the past, current, and projected commercialization efforts and activities taken or planned by the Licensee and the Sub-Licensees (if any) to commercialize the Intellectual Property Rights throughout the Territory.