Common use of Permissive Termination Clause in Contracts

Permissive Termination. Warner may elect upon six (6) months prior written notice to (i) terminate its participation in or not to participate in the Pre-Clinical Activities or Development of any Development Candidate (or corresponding Collaboration Product), or (ii) terminate such activities with respect to all Development Candidates (and corresponding Collaboration Products) for a particular clinical indication.

Permissive Termination. Warner may elect upon six (6) months ---------------------- prior written notice to (i) terminate its participation in or not to participate in the Pre-Clinical Activities or Development of any Development Candidate (or corresponding Collaboration Product), or (ii) terminate such activities with respect to all Development Candidates (and corresponding Collaboration Products) for a particular clinical indication.