Common use of Right to Sub-License Clause in Contracts

Right to Sub-License. CHROMADEX shall not have the right to sub-license to any third party, in whole or in part, its rights under this Agreement without the written permission of UM, such permission to will not be unreasonably withheld. In the event CHROMADEX wishes to sub-license the Patent Rights, UM and CHROMADEX will initiate good faith negotiations to determine equitable licensing terms and conditions.

Appears in 2 contracts

Sources: License Agreement (ChromaDex Corp.), License Agreement (ChromaDex Corp.)