Common use of Discontinuation of JSC Clause in Contracts

Discontinuation of JSC. Upon termination of this Agreement in its entirety, the JSC will cease to exist.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Lyra Therapeutics, Inc.), License and Collaboration Agreement (LianBio)

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Discontinuation of JSC. Upon termination of this Agreement in its entirety, the JSC will cease to exist; provided, however, that if this Agreement is terminated with respect to one or more Terminated Products or Terminated Regions only, then the JSC will continue with respect to the non-terminated Licensed Products or Regions only.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Landos Biopharma, Inc.), License and Collaboration Agreement (LianBio)

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Discontinuation of JSC. Upon termination of this Agreement in its entirety, the JSC will cease to exist; provided, however, that if this Agreement is terminated with respect to the Terminated Products in one or more Terminated Regions only, then the JSC will continue with respect to the non-Terminated Regions only.

Appears in 1 contract

Samples: License and Collaboration Agreement (LianBio)

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