Common use of Right to Sub-License Clause in Contracts

Right to Sub-License. In the event Cardiol wishes to sub-license any or all of its rights under this Agreement to a third party it will not enter into any Sub-License Agreement with that third party that does not conform with the following provisions of this sub-license agreement: 6.1.1 Section 1 Definitions insofar as they are applicable to a sub-license agreement and Section 2.6 - Grant of Security Interest; 6.1.2 Sections 3.1 and 3.2 - Grant of Rights; 6.1.3 Sections 6.1 and 6.2 - Sub-Licensing; 6.1.4 Section 8 - Records Retention and Review; 6.1.5 Section 10.5 - Compliance with Law; 6.1.6 Section 10.6 - No Debarment; ​ 6.1.7 Section 11 - Confidential Information; 6.1.8 Section 14 regarding Cardiol Indemnity; and 6.1.9 Section 15 - Insurance for Cardiol. Cardiol shall provide Meros with a copy of any Sub-License Agreement within 14 days of it being fully executed.