Research Program Term for the Target Clause Samples
The 'Research Program Term for the Target' clause defines the specific duration during which research activities related to a particular target will be conducted under the agreement. Typically, this clause outlines the start and end dates of the research program, and may include provisions for extension or early termination under certain conditions. By clearly establishing the timeframe for research efforts, this clause ensures both parties have a mutual understanding of their obligations and helps prevent disputes regarding the scope and timing of the research activities.
Research Program Term for the Target. […***…]. Except as otherwise provided herein, the term of the […***…] Research Program shall commence on the Effective Date and shall continue for […***…] following the Effective Date (the “[…***…] Research Program Term”) during which time it is intended that the activities under Work Plan 1 are to be completed. The Parties may mutually agree in writing to extend the […***…] Research Program Term, at least […***…] prior to the expiry thereof. Upon expiry of the […***…] Research Program Term (including any extensions thereof as agreed under the previous sentence), Merck shall have the right (in its discretion) to continue the Research and Development of the applicable Compounds and Products in accordance with Section 3.6.1.