Common use of Purpose of Article Clause in Contracts

Purpose of Article. Each party acknowledges that the restrictions contained in this Article VIII are necessary and reasonable to protect the legitimate interests of the parties and a violation of this Article by a party may result in irreparable harm to the other party.

Appears in 3 contracts

Samples: Option and License Agreement (Cubist Pharmaceuticals Inc), Option and License Agreement (Adolor Corp), Option and License Agreement (Adolor Corp)

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Purpose of Article. Each party Party acknowledges that the restrictions contained in this Article VIII IX are necessary and reasonable to protect the legitimate interests of the parties Parties and a violation of this Article by a party Party may result in irreparable harm to the other partyParty.

Appears in 2 contracts

Samples: License Agreement (Cytogen Corp), License Agreement (Cytogen Corp)

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Purpose of Article. Each party acknowledges that the restrictions contained in this Article VIII X are necessary and reasonable to protect the legitimate interests of the parties and other party and. a violation of this Article by a party may result in irreparable harm to the other injured party.

Appears in 1 contract

Samples: License Agreement (Adolor Corp)

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