Failure to Accomplish Milestones. Should LICENSEE fail to achieve any milestone specified in paragraph Article 5.01, or should LICENSEE fail to record NET SALES for two (2) consecutive Calendar Years once sales begin, SYSTEM, at its sole option and as its sole remedy, may waive the requirement to achieve the milestone, may revise the license granted herein to a nonexclusive license, or may renegotiate the missed milestone.
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Samples: Intellectual Property Rights Agreement (Ceres, Inc.), Intellectual Property Rights Agreement (Ceres, Inc.), Intellectual Property Rights Agreement (Ceres, Inc.)
Failure to Accomplish Milestones. Should If LICENSEE fail fails to achieve any milestone specified in paragraph Article 5.01, or should if LICENSEE fail fails to record NET SALES for two (2) consecutive Calendar Years once sales begin, SYSTEM, at its sole option and as its sole remedyoption, may waive the requirement to achieve the milestone, may revise reduce the license granted herein to a nonexclusive license, or may renegotiate the missed milestone, or terminate this Agreement under paragraph 8.03.
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Samples: License Agreement (Tru Shrimp Companies, Inc.), License Agreement (Tru Shrimp Companies, Inc.)
Failure to Accomplish Milestones. Should LICENSEE fail to achieve any milestone specified in paragraph Article 5.01, or should LICENSEE fail to record NET SALES for two (2) consecutive Calendar Years once sales begin, SYSTEM, SYSTEM at its sole option and as its sole remedyoption, may waive the requirement to achieve the milestone, may revise reduce the license granted herein to a nonexclusive license, or may renegotiate the missed milestone, or terminate this Agreement under paragraph 8.03.
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