Common use of Sublicensing and Distribution Clause in Contracts

Sublicensing and Distribution. Subject to Section 2.1.2, Urologix shall have the right to sublicense its rights under Section 2.1.1(a) to which Medtronic or its Affiliates have the right to grant sublicenses as provided in the Licensed-In Agreements, and to enter into distribution, OEM and other relations with third parties with respect to Products in the Field of Use, provided that (i) such sublicense or other agreement with a sublicensee or third party (“Other Agreement”) shall obligate such sublicensee or third party to assume and abide by all duties, obligations and restrictions provided under this Agreement; and (ii) any such sublicense or third party relationship granted by Urologix shall terminate automatically upon the termination of this Agreement, other than a termination in connection with the Acquisition Closing under the Acquisition Option Agreement in which case such sublicenses and third party relationships will survive termination of this Agreement.

Appears in 2 contracts

Sources: License Agreement (Urologix Inc), License Agreement (Urologix Inc)