Common use of Rights in Technology Clause in Contracts

Rights in Technology. During [ * ], each Party will use commercially reasonable efforts to maintain (but without an obligation to renew) and not to breach any agreements with Third Parties that provide a grant of rights from such Third Party to a Party that are Controlled by such Party and are licensed or become subject to a license from such Party to the other Party under Article 5 or 6. Each Party agrees to provide promptly the other Party with notice of any such alleged breach. As of the Effective Date, each Party is in compliance in all material respects with any aforementioned agreements with Third Parties.

Appears in 2 contracts

Sources: Cancer Collaboration Agreement (Exelixis Inc), Cancer Collaboration Agreement (Exelixis Inc)