Common use of Once Per Target Clause in Contracts

Once Per Target. If Development of a Product for which a Development Milestone Payment is due is terminated after it achieves a Development Milestone Event, then the Development Milestone Payment will remain due and payable with respect to such terminated Product, but the corresponding Development Milestone Payment will not be due on any subsequent achievement of the same Development Milestone Event by a subsequent Product for such Target.

Appears in 4 contracts

Samples: Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.)

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