Common use of Reversion of Rights to TPTX; Extension of License to TPTX Clause in Contracts

Reversion of Rights to TPTX; Extension of License to TPTX. Any rights and licenses with respect to the Product granted to Zai under this Agreement shall immediately terminate, and all such rights shall revert back to TPTX. In addition, in the event that this Agreement is terminated by the Parties pursuant to Section 14.2, by Zai pursuant to Section 14.3 or by TPTX pursuant to Section 14.4, 14.5, 14.6, or 14.7, the licenses granted by Zai to TPTX pursuant to Section 2.4 shall automatically be extended to include the Territory.

Appears in 4 contracts

Samples: License Agreement (Zai Lab LTD), License Agreement (Zai Lab LTD), License Agreement (Turning Point Therapeutics, Inc.)

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