Common use of Remedy for Failure Clause in Contracts

Remedy for Failure. If Forty Seven (itself or through its Affiliates, sublicensees, or partners) has failed to meet the requirements of Section 6.1 with respect to [*] (“Deficient Product”), then Stanford shall have the right to terminate the license for such Deficient Product under this Agreement and any Licensed Patent(s) solely covering such Deficient Product in accordance with and subject to Section 15.2(B) (such Licensed Patent(s) if terminated, the “Terminated Patent Rights”).

Appears in 4 contracts

Samples: Equity) Agreement, Equity) Agreement (Forty Seven, Inc.), Equity) Agreement (Forty Seven, Inc.)

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