Disposal of Confidential Information. In the event this Agreement expires or this Agreement or any Research Program is terminated and the Parties have not entered into a License Agreement with respect to an expired or terminated Research Program, each Party shall return to the applicable other Party all Confidential Information of such other Party (including all copies thereof) in such Party’s possession related to any expired or terminated Research Program; provided, however, that each Party may retain one copy of the such other Party’s Confidential Information in such Party’s secure archives for the sole purpose of monitoring compliance with its obligations hereunder or applicable law.
Appears in 4 contracts
Samples: Discovery and Option Agreement (Spyre Therapeutics, Inc.), Discovery and Option Agreement (Spyre Therapeutics, Inc.), Discovery and Option Agreement (Aeglea BioTherapeutics, Inc.)
Disposal of Confidential Information. In the event this Agreement expires or this Agreement or any Research Program is terminated and the Parties have not entered into a License Agreement with respect to an expired or terminated Research Program, each Party shall return to the applicable other Party all Confidential Information of such other Party (including all copies thereof) in such Party’s possession related to any expired or terminated Research Program; provided, however, that each Party may retain one copy of the such other Party’s Confidential Information in such Party’s secure archives for the sole purpose of monitoring compliance with its obligations hereunder or applicable law.
Appears in 2 contracts
Samples: Discovery and Option Agreement (ARCA Biopharma, Inc.), Discovery and Option Agreement (ARCA Biopharma, Inc.)
