Option to License. (a) Subject to the terms and conditions of this Agreement, OHIO hereby grants to Optionee an exclusive option during the Option Period to negotiate [an exclusive/a nonexclusive] license agreement under the Optioned Patents and a nonexclusive license under the Optioned Technology in the Option Field of Use and Option Territory. This option shall terminate at the end of the Option Period. (b) Optionee will have until the end of the Option Period to consummate execution of a license agreement under the Optioned Patents and Optioned Technology. (c) OHIO does not: (1) grant to Optionee any other options or licenses, implied or otherwise, to any patents or other rights of OHIO other than those rights specifically granted under the Optioned Patents and Optioned Technology, regardless of whether such patents or other rights are dominant or subordinate to any Optioned Patents or Optioned Technology, or are required to exploit any Optioned Patents or Optioned Technology; (2) commit to Optionee to bring suit against third parties for infringement; (3) agree to option or to furnish to Optionee any technology or technological information other than the Optioned Patents and Optioned Technology; or (4) agree to provide Optionee with any assistance.
Appears in 2 contracts
Sources: Option Agreement, Option Agreement
Option to License. (a) Subject to the terms and conditions of this Agreement, OHIO University hereby grants to Optionee an exclusive option during the Option Period to negotiate [an exclusive/a nonexclusive] license agreement under the Optioned Patents and a nonexclusive license under the Optioned Technology in the Option Field of Use and Option Territory. This option shall terminate at the end of the Option Period.
(b) Optionee will have until the end of the Option Period to consummate execution of a license agreement under the Optioned Patents and Optioned Technology.
(c) OHIO University does not: :
(1) grant to Optionee any other options or licenses, implied or otherwise, to any patents or other rights of OHIO ▇▇▇▇ other than those rights specifically granted under the Optioned Patents and Optioned Technology, regardless of whether such patents or other rights are dominant or subordinate to any Optioned Patents or Optioned Technology, or are required to exploit any Optioned Patents or Optioned Technology; ;
(2) commit to Optionee to bring suit against third parties for infringement; ;
(3) agree to option or to furnish to Optionee any technology or technological information other than the Optioned Patents and Optioned Technology; or or
(4) agree to provide Optionee with any assistance.
Appears in 1 contract
Sources: Exclusive Option Agreement
Option to License. (a) Subject to the terms and conditions of this Agreement, OHIO ▇▇▇▇ hereby grants to Optionee an exclusive option during the Option Period to negotiate [an exclusive/a nonexclusive] license agreement under the Optioned Patents and a nonexclusive license under the Optioned Technology in the Option Field of Use and Option Territory. This option shall terminate at the end of the Option Period.
(b) Optionee will have until the end of the Option Period to consummate execution of a license agreement under the Optioned Patents and Optioned Technology.
(c) OHIO ▇▇▇▇ does not: (1) grant to Optionee any other options or licenses, implied or otherwise, to any patents or other rights of OHIO ▇▇▇▇ other than those rights specifically granted under the Optioned Patents and Optioned Technology, regardless of whether such patents or other rights are dominant or subordinate to any Optioned Patents or Optioned Technology, or are required to exploit any Optioned Patents or Optioned Technology; (2) commit to Optionee to bring suit against third parties for infringement; (3) agree to option or to furnish to Optionee any technology or technological information other than the Optioned Patents and Optioned Technology; or (4) agree to provide Optionee with any assistance.
Appears in 1 contract
Sources: Option Agreement