Common use of Right of First Option Clause in Contracts

Right of First Option. If CONICET does not decide on a destination for the own and exclusive use of the Area, at the option of INDEAR, the Parties, in good faith, may negotiate the terms of a new agreement that would allow INDEAR to continue using the Area. In any case, CONICET hereby grants INDEAR the right of first offer with respect to any future use and enjoyment of the area against any third party in similar conditions.

Appears in 5 contracts

Samples: Agreement Between Conicet and Indear (Bioceres S.A.), Agreement Between Conicet and Indear (Bioceres S.A.), Agreement Between Conicet and Indear (Bioceres S.A.)

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