Common use of Contract Formation and Authority Clause in Contracts

Contract Formation and Authority. 18.1 The submission of this Agreement is not an offer, and this document is effective and binding only upon the execution by duly authorized representatives of both COMPANY and UFRF. Copies of this Agreement that have not been executed and delivered by both UFRF and COMPANY do not evidence an agreement between the parties. UFRF may terminate this Agreement without the requirement of any notice to COMPANY if UFRF does not receive the Option Fee within thirty (30) days of the Effective Date.

Appears in 4 contracts

Samples: Exclusive Option Agreement (Signet International Holdings, Inc.), Exclusive Option Agreement (Signet International Holdings, Inc.), Exclusive Option Agreement (Signet International Holdings, Inc.)

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Contract Formation and Authority. 18.1 19.1 The submission of this Agreement is not an offer, and this document is effective and binding only upon the execution by duly authorized representatives of both COMPANY Licensee and UFRF. Copies of this Agreement that have not been executed and delivered by both UFRF and COMPANY Licensee do not evidence an agreement between the parties. UFRF may terminate this Agreement without the requirement of any notice to COMPANY Licensee, if UFRF does not receive the Option Fee License Issue Fee, as applicable, within thirty (30) days [*] of the Effective Date.

Appears in 2 contracts

Samples: Exclusive License Agreement (Audentes Therapeutics, Inc.), Exclusive License Agreement (Audentes Therapeutics, Inc.)

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