Common use of Termination of Licences Clause in Contracts

Termination of Licences. Upon termination of this Agreement under clause 10.2 or 10.3 or 10.4: (a) the Licensee, its Affiliates and its and their respective Sublicensees 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 Services for a period of six (6) months following the date of termination in accordance with the terms of this Agreement; (b) subject to paragraph (a) above, the Licensee, its Affiliates and its and their respective Sublicensees shall no longer be licensed to use, sub-license or otherwise exploit in any way, either directly or indirectly, the Licensed Intellectual Property Rights ; and (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.

Termination of Licences. Upon termination of this Agreement under clause 10.2 or 10.2, 10.3 or 10.4: (a) the Licensee, its Affiliates and its and their respective Sublicensees 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 Services for a period of six (6) months following the date of termination in accordance with the terms of this Agreement; (b) subject to paragraph (a) above, the Licensee, its Affiliates and its and their respective Sublicensees shall no longer be licensed to use, sub-license or otherwise exploit in any way, either directly or indirectly, the Licensed Intellectual Property Rights ; and (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.