Master Alliance Provisions Guide (MAPGuide)

Merck – MPP, Molnupiravir License Agreement

  • Term & termination | Effects of termination

Provision Language

<p><b><i>MSD–MPP Agreementi>b>p>
<p><span style=”text–decoration: underline;”><b>6. Term And Terminationb>span>p>
<p>[&#8230;]p>
<p><b>6.4 Effect of Termination.b><span style=”font–weight: 400;”> In the event that this Agreement is terminated other than under Sections 6.1 or 6.2 span><span style=”font–weight: 400;”>[Editor note: wrong reference, should be 6.2 and 6.3]span><span style=”font–weight: 400;”>, all Sublicenses will be automatically be converted into direct licenses between MSD and the Sublicensees, provided Sublicensees are not in breach of the Sublicense. For the avoidance of doubt, if the termination of the Agreement results from Sections 6.1 and 6.2 span><span style=”font–weight: 400;”>[Editor note: wrong reference, should be 6.2 and 6.3]span><span style=”font–weight: 400;”>, the Sublicenses will automatically be terminated.span>p>
<p><span style=”font–weight: 400;”>[&#8230;]<br />
<b>b>span>p>
<p><span style=”font–weight: 400;”><b>6.7 Survival.b><span style=”font–weight: 400;”> Sections 2.10, 5.5, 6.4, 7, and 8 shall survive termination or expiry of this Agreement.span>span>p>
<p><b><i>Form of Sublicense Agreementi>b>p>
<p><span style=”text–decoration: underline;”><b>10. Term And Terminationb><br />
<b>b>span>p>
<p>[&#8230;]p>
<p><b>10.6 Conversion to Direct Licence with MSD.b><span style=”font–weight: 400;”> Subject always to the termination provisions of the MSD–MPP Agreement, in the event that the MSD–MPP Agreement is terminated prior to its Term, this Agreement shall be converted into a direct licence between MSD and Licensee, provided that Licensee is not in breach of this Agreement.span>p>
<p><span style=”font–weight: 400;”>[&#8230;]span>p>
<p><span style=”font–weight: 400;”><b>10.10 Rights on Termination.b><span style=”font–weight: 400;”> Any termination of this Agreement will not relieve Licensee of its obligations to pay any monies due or owing at the time of such termination and span><span style=”font–weight: 400;”>will not relieve any obligations, of either to the other Party, established prior to termination.span>span>p>
<p><b>10.11 Survival.b><span style=”font–weight: 400;”> Sections 3A, 7.3, 8, 10.5, 11, and 12 shall survive termination or expiry of this Agreement.span>p>

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