Designated Target Clause Samples
The Designated Target clause identifies a specific individual, entity, or asset that is the focus of certain rights, obligations, or actions within an agreement. In practice, this clause is used to clearly specify who or what is subject to particular terms, such as a company being acquired, a product being delivered, or a party receiving confidential information. By precisely defining the target, the clause eliminates ambiguity and ensures that all parties understand the scope and application of the relevant contractual provisions.
Designated Target. Section 2.4.1.4 of the Original Agreement is hereby deleted in its entirety and replaced with the following:
Designated Target. The following new Section 2.4.1.5 is hereby inserted immediately following Section 2.4.1.4 of the Original Agreement.
Designated Target. Notwithstanding Sections 2.4.1.5 and 2.2.3 of the Original Agreement, the Research Plan for the [***] Designated Target is attached hereto as Exhibit B and is hereby approved by the Parties. Notwithstanding Section 2.3 of the Original Agreement, the Research Program for [***] Designated Target shall commence as of the Amendment 3 Effective Date.