Common use of Grant Back Clause in Contracts

Grant Back. Buyer grants to Seller, and Seller accepts, a worldwide, royalty-free, non-exclusive license, with right to grant sublicenses, under the Purchased Assets solely to perform its obligations under this Agreement.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Provention Bio, Inc.), Asset Purchase Agreement (Provention Bio, Inc.), Asset Purchase Agreement (Provention Bio, Inc.)

Grant Back. Buyer grants to Seller, and Seller ▇▇▇▇▇▇ accepts, a worldwide, royalty-free, non-exclusive license, with right to grant sublicenses, under the Purchased Assets solely to perform its obligations under this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Macrogenics Inc)