Common use of OPTION PHASE Clause in Contracts

OPTION PHASE. a. USC hereby grants Licensee the exclusive rights to conduct various technical, pre-clinical, marketing, patent, and other studies on PRODUCTS in the FIELD OF USE during a six (6) month period commencing on the EFFECTIVE DATE of this Agreement.. The option period may be extended by mutual written agreement of the parties.

OPTION PHASE. a. USC hereby grants Licensee the exclusive rights right to conduct various technical, pre-clinical, marketing, patent, and other studies on PRODUCTS in the FIELD OF USE during a six (6) month period commencing on the EFFECTIVE DATE effective date of this Agreement.. Agreement (the "OPTION PERIOD"). The option period OPTION PERIOD may be extended by mutual written agreement of the parties.

OPTION PHASE. a. USC hereby grants Licensee the exclusive rights right to conduct various technical, pre-clinical, marketing, patent, and other studies on PRODUCTS in the FIELD OF USE during a six (6) month period commencing on the EFFECTIVE DATE collective date of this Agreement.. . The option period may be extended for one additional six (6) month period by mutual written agreement of the partiesparties which- shall not be unreasonably withheld.

OPTION PHASE. a. USC hereby grants Licensee the exclusive rights right to conduct various technical, pre-clinical, marketing, patent, and other studies on PRODUCTS in the FIELD OF USE during a six three (63) month period commencing on the EFFECTIVE DATE of this Agreement.. . The option period may be extended by mutual written agreement of the parties.