This Agreement shall enter into force on the Effective Date. Except if it is resolved before according to Section 11, its duration will continue for ten (10) years from the Effective Date (the “Term”).
11.1 Termination. This Agreement will be terminated either by its fulfilment, i.e. by expiration of the Term as defined in Section 7, or by its termination by any of the following sub-sections:
11.2 Termination upon non-compliance. Any Party shall have the right to terminate the Agreement, when there has been a material breach by the other Party which is not cured within 30 days after receiving a written notice specifying the nature of the breach.
11.3 Termination for ceasing of the sublicensee search activity by MPP. The Parties may terminate this Agreement by written mutual agreement, but not before the period set forth in Section 10, before ninety (90) days’ written notice in due form is provided by MPP to the University of its intention to cease the search of sublicensees because it has not been successful.
11.4 Consequences of Termination. In the event that this Agreement is terminated prior to the expiry of the Term and due to breach by MPP, all Sublicence Agreements will, upon written approval by the University, such consent not to be unreasonably withheld, be converted into licences between the University and the MPP Licensees, provided that the MPP Licensee is not in breach of the Sublicence Agreement, by way of the MPP, the University and the relevant Licensee entering into a novation agreement transferring the rights and obligations of the MPP under the Sub-licence to the University.
14.6 Survival. Sections 11.4 and 14 shall survive the expiry or termination of this Agreement.