252.227-7007 License Term—Running Royalty.
Current normalized text
252.227-7007 License Term—Running Royalty.
As prescribed at 227.7009-4 (b), insert the following clause in patent releases, license agreements, and assignments:
LICENSE TERM—RUNNING ROYALTY (AUG 1984)
The license hereby granted shall remain in full force and effect for the full term of each of the patents referred to in the “License Grant” clause of this contract and any and all patents hereafter issued on applications for patent referred to above unless sooner terminated as elsewhere herein provided.
(End of clause)
Source and use
Source attribution. Official source material is published by Acquisition.gov. ClauseSignal presents a normalized record from accepted public source snapshots and links back to that source.
Informational disclaimer. ClauseSignal provides informational monitoring of public FAR and DFARS source material. It does not provide legal advice, determine whether a clause applies to your circumstances, issue certifications, or claim affiliation with or endorsement by the U.S. Government. Review the official source before making decisions.