Common use of Press Releases and Other Permitted Disclosures Clause in Contracts

Press Releases and Other Permitted Disclosures. (a) Licensor and Licensee each agree not to disclose any of the terms and conditions of this Agreement to any Third Party, except as described below in this Section 6.5 or as otherwise agreed in writing by the Parties. The Parties have agreed on a press release to be issued by Licensee announcing this Agreement after the Effective Date in substantially the form set forth in Exhibit H. Subject to the other provisions of this Agreement, no other press release, public statement or public disclosure concerning the existence or terms of this Agreement shall be made, either directly or indirectly, by either Party without the prior written approval of the other Party; provided, that, notwithstanding anything to the contrary herein, the Parties acknowledge and agree that Licensor shall have the right to make any public disclosures, including publishing articles, related to the Licensed Products or Licensed Compounds that Licensor has disclosed to Licensee that Licensor is planning as of the Effective Date. If disclosure of the terms and conditions of this Agreement, including the amount of a milestone payment, or its filing publicly is required by Law or applicable stock exchange regulation, or by order or other ruling of a competent court, as set forth in Section 6.5(c), then Licensor or Licensee, as the case may be, may also disclose such terms or this Agreement in a public statement or disclosure. Once any public statement or public disclosure has been approved in accordance with this Section 6.5, then either Party may appropriately communicate information contained in such permitted statement or disclosure.

Press Releases and Other Permitted Disclosures. (a) Licensor CDI and Licensee Century each agree not to disclose any of the terms and conditions of this Agreement to any Third Party, except as described below in this Section 6.5 6.4 or as otherwise agreed in writing by the Parties. The Parties have agreed on a press release to be issued by Licensee each Party announcing this Agreement after the Effective Date in substantially the form set forth in Exhibit H. D; provided that the timing of the publication and release of such press release is in the sole discretion of an announcing Party. Each Party shall have the right to disclose the existence of this Agreement, including that the fact that such Party has received a license to the other Party’s Licensed Technology or Century Technology, as applicable without disclosing the Licensed Know-How or Century Know-How. Subject to the other provisions of this Agreement, no other press release, public statement or public disclosure concerning the existence or terms of this Agreement shall be made, either directly or indirectly, by either Party without the prior written approval of the other Party; provided, that, notwithstanding anything to the contrary herein, the Parties acknowledge and agree that Licensor shall have the right to make any public disclosures, including publishing articles, related to the Licensed Products or Licensed Compounds that Licensor has disclosed to Licensee that Licensor is planning as of the Effective Date. If disclosure of the terms and conditions of this Agreement, including the amount of a milestone payment, Agreement or its filing publicly is required by applicable Law or applicable stock exchange regulation, or by order or other ruling of a competent courtcourt or governmental authority, as set forth in Section 6.5(c6.4(d), then Licensor CDI or LicenseeCentury or its respective Affiliates, as the case may be, may also disclose such terms or this Agreement in a public statement or disclosuredisclosure subject to Section 6.3(b). Once any public statement or public disclosure has been approved in accordance with this Section 6.56.4, then either Party may appropriately communicate information contained in such permitted statement or disclosure.