Master Alliance Provisions Guide (MAPGuide)

CSIC – MPP (C-TAP), COVID-19 Diagnostic, Patent & Material License Agreement

  • Term & termination | Term of agreement

7. Term

This Agreement shall enter into force on the Effective Date. Except if it is resolved before according to Clause 12, its duration will continue in force until the date on which the last Patent Right has expired, lapsed or has been invalidated (the “Term”). Following this Term, the licence granted in Section 2 will become a perpetual, irrevocable, fully paid–up, royalty free licence to develop, have developed, make, have made, use, Commercialize, import and export Products for use in the Field. Notwithstanding the above, royalties as provided in Section 3C will continue for the period described therein.