Provision Language
3) Licensing; Definitive IIA. Lead Institution will use reasonable efforts, consistent with its usual practices, to seek licensees for the Joint Invention(s). Neither Institution will execute a license covering the Joint Invention unless this Agreement is terminated or replaced with a definitive inter–institutional agreement (“Definitive IIA”). The Institutions currently intend to enter into a Definitive IIA when a licensee is identified, although an Institution may initiate negotiations of the Definitive IIA before then.