Example ContractsClausesReversion of Rights
Reversion of Rights
Reversion of Rights contract clause examples

Reversion of Rights. All rights and licenses granted to Verrica under this Agreement shall terminate and revert to Lytix, provided that if this Agreement is only terminated with respect to one or more countries or Regions, only the rights and licenses with respect to such country or countries or Regions shall terminate and revert to Lytix;

Reversion of Rights. If Institute obtains rights in any Reversion Product pursuant to this Article 9, Institute will have the rights under such Reversion Product set forth in [Section 9.6], provided that if Institute elects to grant a license or sublicense to any Third Party under patent rights or know-how Controlled by Licensee and relating to such Reversion Products (the “Reversion Product IP”) to develop and commercialize any such Reversion Product, then on a 9745235_1.docx Reversion Product-by-Reversion Product basis, Institute shall pay to Licensee a specified percentage of all consideration of any type received from each such Third Party licensee or sublicensee paid for the grant of such license or sublicense, or sales of products that are claimed or covered by such Reversion Product IP, as set forth in the table below, with the applicable percentage being based on # ​, and # ​.

Reversion of Rights. All of the rights of Licensee under this Agreement shall terminate and immediately revert to THL. Licensee, except as specified below, shall immediately discontinue use of the Trademarks, whether in connection with the sale, advertisement or manufacture of Licensed Products or otherwise, and shall not resume the use thereof or adopt any colorable imitation of the Trademarks or any of their components or designs incorporated therein or material parts thereof.

Reversion of Rights. Upon termination of the Agreement for any reason, subject to Sections 10.3(c) and 10.4(c), all rights, licenses and assignments granted by [[DURECT:Organization]] to INNOCOLL under this Agreement shall revert back to [[DURECT:Organization]] without any charge.

Reversion of Rights. If Institute obtains rights in any Reversion Product pursuant to this Article 9, Institute will have the rights under such Reversion Product set forth in Section 9.6, provided that if Institute elects to grant a license or sublicense to any Third Party under patent rights or know-how Controlled by Licensee and relating to such Reversion Products (the “Reversion Product IP”) to develop and commercialize any such Reversion Product, then on a Reversion Product-by-Reversion Product basis, Institute shall pay to Licensee a specified percentage of all consideration of any type received from each such Third Party licensee or sublicensee paid for the grant of such license or sublicense, or sales of products that are claimed or covered by such Reversion Product IP, as set forth in the table below, with the applicable percentage being based on # [ * ], and # [ * ].

Upon termination but not expiration of this Agreement, the licenses granted by [[Durect:Organization]] to Gilead in Section 3.1 will terminate and the rights granted thereunder shall revert back to [[Durect:Organization]].

Reversion of Rights. As of the effective date of a termination pursuant to this ARTICLE 12 Section 2.1 shall terminate and all rights in the Licensed Patents, Technology and Production Strain shall revert to Licensor, except as provided in Section 12.3(d).

Reversion of Rights. All Licensed Compounds and Licensed Products and all rights related thereto will revert to Licensor, including all rights under the Licensor Technology, and Licensor will have the right, in its sole discretion, to Exploit all Licensed Compounds and Licensed Products in the Field throughout the Territory.

To the extent a Licensed Product under a terminated Program is comprised of […​…], Takeda shall grant, and hereby grants effective as of the effective date of such termination, to Poseida # a non-exclusive, royalty-bearing, worldwide, sublicensable, transferrable license under # […​…] and # […​…] (collectively, the “Reversion IP”) to use, develop, manufacture, commercialize and otherwise fully exploit any Selected Candidate, Licensed Product or other product arising under any terminated Programs (“Reversion Products”) in the Field in the Territory and # a right of reference to any Regulatory Approvals, regulatory documentation and data related to any Reversion Products. In consideration of the foregoing license under the Reversion IP, Poseida shall pay to Takeda […​…].

Reversion Rights. At HFB’s written request, [[FibroGen:Organization]] hereby agrees to ​ which [[FibroGen:Organization]] will and hereby does as of the effective date of termination:

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