Common use of Grant of License Option Clause in Contracts

Grant of License Option. On the terms and subject to the conditions of this Agreement, ASTI hereby grants to Allergan an option to obtain an exclusive license with respect to each ASTI Product, exercisable on a product-by-product and country-by-country basis as described in Section 2.2.

Appears in 3 contracts

Sources: License Option Agreement (Allergan Specialty Therapeutics Inc), License Option Agreement (Allergan Inc), License Option Agreement (Allergan Specialty Therapeutics Inc)