RESEARCH AND DEVELOPMENT ENTITIES. Either Party may assign its rights and obligations under this Agreement to an entity or entities (e.g., partnership or corporation) that are specifically formed for financial purposes that would not jeopardize the collaboration hereunder and that finance research and development performed by such Party, which entity able to carry out such Party's obligations hereunder; provided, however, that such assignment shall not relieve the assigning Party of responsibility for performance of its obligations under this Agreement.
Appears in 3 contracts
Samples: Collaboration Agreement (Signal Pharmaceuticals Inc), Collaboration Agreement (Signal Pharmaceuticals Inc), Collaboration Agreement (Signal Pharmaceuticals Inc)
RESEARCH AND DEVELOPMENT ENTITIES. Either Party may assign its rights and obligations under this Agreement to an entity or entities (e.g., partnership or corporation) that are specifically formed for financial purposes that would not jeopardize the collaboration hereunder and that finance research and development performed by such Party, which entity able to carry out such Party's obligations hereunder; provided, however, that such assignment shall not relieve the assigning Party of responsibility for performance of its obligations under this Agreement.
Appears in 3 contracts
Samples: License Agreement (Myogen Inc), License Agreement (Myogen Inc), License Agreement (Myogen Inc)
