Termination of Licences. Upon termination of this Agreement for any reason: (a) the Licensee and its sub-licensees shall be entitled to sell and supply (subject to payment of royalties in accordance with this Agreement) any unsold or unused stocks of the Licensed Products and Know-How Products for a period of [***] following the date of termination in accordance with the terms of this Agreement; (b) subject to paragraph (a) above, the Licensee and its sub-licensees shall no longer be licensed to use, sub-license or otherwise exploit in any way, either directly or indirectly, the Licensed Intellectual Property; (c) subject to paragraph (a) above, the Licensee shall consent to the cancellation of any formal licence granted to it, or of any registration of it in any register, in relation to any of the Licensed Patents.
Appears in 3 contracts
Sources: Intellectual Property Licence Agreement (Metsera, Inc.), Intellectual Property Licence Agreement (Metsera, Inc.), Intellectual Property Licence Agreement (Metsera, Inc.)