Common use of Small Entity Status Clause in Contracts

Small Entity Status. Licensee represents that, as of the Effective Date, Licensee is a small entity within the contemplation of 37 C.F.R. Section 1.9(f) with respect to Licensee's rights in Licensed Patents under this Agreement. During the term of this Agreement, Licensee shall promptly notify LSU of any event that changes, or that might change, Licensee's status as a small entity.

Appears in 2 contracts

Sources: License Agreement (Demegen Inc), License and Royalty Agreement (Demegen Inc)