Common use of License Following Expiration Clause in Contracts

License Following Expiration. Upon expiration of the royalty term ---------------------------- for Licensed Products in the country as described above, CTI shall thereafter have an exclusive (even as to PG-TXL), paid-up license to PG-TXL Know-How to make, have made, use, sell, offer for sale, have sold and import that Licensed Products in that country. In such event, CTI shall retain responsibility for, and indemnify PG-TXL from, the payment of all applicable royalties and other obligations owed to a Third Party with respect to Licensed Products. (The information below marked by ***** has been omitted by a request for confidential treatment. The omitted portion has been separately filed with the Commission.)

Appears in 2 contracts

Sources: Annual Report, License Agreement (Cell Therapeutics Inc)