Provision Language
15. CONSEQUENCES OF TERMINATION
15.1. In the event that this Agreement is terminated other than under Section 14.1, all Sub-Licence Agreements will be automatically converted into licences between the University and the MPP Licensees, provided that the MPP Licensee is not in breach of the Sub-Licence 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 University.
15.2. On termination or expiration of this Agreement, in the event that any MPP Licensees are not converted into licences between the University and the MPP Licensee under Clause 15.1, MPP shall procure that MPP Licensees:
15.2.1. Immediately pay to the University all outstanding royalties and other sums due under this agreement; and
15.2.2. Immediately provide the University with details of the stocks of Licensed Products held at the point of termination; and
15.3. Termination of this agreement, whether for breach of this Agreement or otherwise, shall not absolve MPP Licensees of their obligation to accrue and pay royalties under the provisions of Clause 7 of this Agreement for the duration of any notice period.
15.4. Clauses 12, 13.2, 13.3, 13.5, 13.7, 13.8, 15, and 16 will survive the expiry or termination of this Agreement.