Common use of Modification of Territory Clause in Contracts

Modification of Territory. If, within [*] from the Effective Date, Xxxx has not achieved any sales in any particular country, then such country may, at Corium’s election and upon written notice to Xxxx, be removed from the Territory, at which time Corium shall have the sole and exclusive right to commercialize Product in any such country.

Appears in 2 contracts

Samples: Development, Manufacturing and Commercialization Agreement (Corium International, Inc.), Development, Manufacturing and Commercialization Agreement (Corium International, Inc.)

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Modification of Territory. If, within [*] five (5) years from the Effective Date, Xxxx has not achieved any sales in any particular country, then such country may, at Corium’s election and upon written notice to Xxxx, be removed from the Territory, at which time Corium shall have the sole and exclusive right to commercialize Product in any such country.

Appears in 2 contracts

Samples: Development, Manufacturing and Commercialization Agreement, Development, Manufacturing and Commercialization Agreement (Corium International, Inc.)

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