Restriction With Respect to Non-Licensed Antibodies Sample Clauses

Restriction With Respect to Non-Licensed Antibodies. GigaGen shall not, and shall ensure that its Affiliates do not, during the period commencing on the Option Exercise Date and ending on the fourth (4th) anniversary of the Option Exercise Date (the “Exclusivity Period”), collaborate with, license, sell, assign, transfer or grant any rights to any Third Party with respect to any Non-Licensed Antibody, including the research, optimization, development, manufacture or commercialization thereof. If any entity that is a Third Party as of the Option Exercise Date becomes an Affiliate of GigaGen during the Exclusivity Period, then the foregoing restriction will continue to apply to such Third Party and will also apply to GigaGen and its Affiliates. For clarity, the foregoing does not restrict GigaGen from: (a) discovering, developing, out-licensing or commercializing any antibodies directed against the Target that are not GigaGen Antibodies, at any time during the Term (including during the Exclusivity Period), (b) granting any rights to a Third Party with respect to any Non-Licensed Antibody after the Exclusivity Period or (c) subject to the preceding sentence, itself internally developing and commercializing any Non-Licensed Antibody during the Term, provided that no Third Party (including any entity that was a Third Party on the Option Exercise Date) is granted any rights to any Non-Licensed Antibody.
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Related to Restriction With Respect to Non-Licensed Antibodies

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