Mutual Termination Right Due to Regulatory Action; Other Reasons. Either Party may terminate this Agreement immediately upon written notice to the other Party in the event that any Regulatory Authority takes any action, or raises any objection, that prevents the terminating Party from supplying its Compound for purposes of the Study. Additionally, either Party shall have the right to terminate this Agreement immediately upon written notice to the other Party in the event that it determines in its sole discretion to withdraw any applicable Regulatory Approval for its Compound or to discontinue development of its Compound, for medical, scientific or legal reasons.
Appears in 3 contracts
Samples: Clinical Trial Collaboration and Supply Agreement (Edge Therapeutics, Inc.), Trial Collaboration and Supply Agreement (Adaptimmune Therapeutics PLC), Trial Collaboration and Supply Agreement (Adaptimmune Therapeutics PLC)
Mutual Termination Right Due to Regulatory Action; Other Reasons. Either Party may terminate this Agreement immediately upon written notice to the other Party in the event that any Regulatory Authority takes any action, or raises any objection, that prevents causes it to be unreasonable for, or otherwise prevents, the terminating Party from supplying its Compound for purposes of the Study. Additionally, either Party shall have the right to terminate this Agreement immediately upon written notice to the other Party in the event that it determines in its sole discretion to withdraw withdraws any applicable Regulatory Approval for its Compound or to discontinue discontinues development of its Compound, Compound for medical, scientific or legal reasonsany reason.
Appears in 1 contract
Samples: Clinical Trial Collaboration and Supply Agreement (Shattuck Labs, Inc.)
