Control of the Business. Purchaser will have no right to control the Specified Business prior to the Closing, including that Purchaser will have no right or power to (i) bind or commit, or to act as an agent, employee or legal representative of Seller or the Specified Affiliates or (ii) control the activities and operations of Seller or the Specified Affiliates.
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Samples: Asset Purchase Agreement (Mirum Pharmaceuticals, Inc.), Asset Purchase Agreement (Travere Therapeutics, Inc.)
Control of the Business. Purchaser will have no right to control the sale or promotion of the Specified Business Product (a) in the U.S. Territory prior to the Initial Closing or (b) in the Ex-U.S. Territory prior to the Final Closing, including that Purchaser will have no right or power to (i) bind or commit, or to act as an agent, employee or legal representative of Seller or the Specified Affiliates or (ii) control the activities and operations of Seller or the Specified Affiliates.
Appears in 1 contract
Samples: Asset Purchase Agreement (Axsome Therapeutics, Inc.)
Control of the Business. Purchaser agrees that it will have no right to control the Specified Business Assets prior to the Closing, including that Purchaser will have no right or power to (i) bind or commit, or to act as an agent, employee or legal representative of Seller or any of its Subsidiaries in respect of the Specified Affiliates Assets or (ii) control the activities and operations of Seller or the Specified Affiliatesany of its Subsidiaries.
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