Common use of Disputes Regarding Termination Clause in Contracts

Disputes Regarding Termination. If COMPANY disputes any termination by MIT under this Section, it must notify MIT of the nature of such dispute and the proposed manner in which to resolve the dispute within (10) days of receipt of notification of breach or notification of termination by MIT, whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Article 13 immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Non Exclusive Patent License Agreement, Nonexclusive Patent License Agreement (IIOT-OXYS, Inc.)

Disputes Regarding Termination. If COMPANY Company disputes any termination by MIT under this Section, it must notify MIT of the nature of such dispute and the proposed manner in which to resolve the dispute within (10) days of [***] following its receipt of notification of breach or notification of termination by MIT, whichever is sooner. If the parties do not resolve such dispute within ten (10) days [***] of such notification, then COMPANY Company shall be required to initiate the dispute resolution procedures outlined in Article 13 Section 13.3 (Dispute Resolution Procedure, as applicable) immediately. If it does not do so, COMPANY Company shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Exclusive Patent License Agreement (Cullinan Oncology, LLC), Exclusive Patent License Agreement (Cullinan Oncology, LLC)

Disputes Regarding Termination. If COMPANY disputes any termination by MIT under this Section, it must notify MIT of the nature of such dispute and the proposed manner in which to resolve the dispute within ten (10) days of receipt of notification of breach or notification of termination by MIT, whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Article 13 Section 13.3 immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 1 contract

Sources: Exclusive Patent License Agreement (Liberty Defense Holdings, Ltd.)