Common use of Mandatory Laws Clause in Contracts

Mandatory Laws. If and to the extent that, as a matter of law in any jurisdiction, ownership, title, or any rights or interest in or to any of the Assigned Intellectual Property cannot be assigned as provided in Section 2.1, (i) the Assignor irrevocably agrees to assign and transfer, and hereby assigns and transfers to the Assignee all rights (including, without limitation, all economic and commercialization rights) that can be assigned pursuant to Section 2.1 to the fullest extent permissible, and (ii) the Assignor irrevocably agrees to grant, and hereby grants, the Assignee an unlimited, exclusive, irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to use, exploit and commercialize in any manner now known or in the future discovered and for whatever purpose, any rights to the Assigned Intellectual Property that cannot be assigned as contemplated by Section 2.1.

Mandatory Laws. If and to the extent that, as a matter of law in any jurisdiction, ownership, titlean ownership of, or any of the rights or interest in or to any of the Assigned Intellectual Property Transferred Asset cannot be licensed and assigned as provided in Section 2.12.1 above, (i) the Assignor irrevocably agrees to assign and transfer, and hereby assigns and transfers grants to the Assignee all rights (including, without limitation, all economic and commercialization rights) that can be assigned pursuant to Section 2.1 to the fullest extent permissible, and (ii) the Assignor irrevocably agrees to grant, and hereby grants, the Assignee an unlimited, exclusive, irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free bearing license to use, exploit and commercialize in any manner now known or in the future discovered and for whatever purpose, any rights to the Assigned Intellectual Property Transferred Asset that cannot be licensed and assigned as contemplated by Section 2.12.1 and Section 2.2.