Common use of Right of Negotiation for Exclusive License and Product Transfer to Adimab Clause in Contracts

Right of Negotiation for Exclusive License and Product Transfer to Adimab. Effective as of such termination, Arsanis shall, and it hereby does, grant to Adimab, a right of first negotiation, exercisable within [**] days after termination, to obtain, upon commercially reasonable terms and conditions to be negotiated in good faith by the Parties:

Appears in 3 contracts

Samples: Option and License Agreement (Arsanis, Inc.), Option and License Agreement (Arsanis, Inc.), Option and License Agreement (Arsanis, Inc.)

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Right of Negotiation for Exclusive License and Product Transfer to Adimab. Effective as of such termination, Arsanis Adagio shall, and it hereby does, grant to Adimab, a right of first negotiation, exercisable within [***] days after termination, to obtain, upon commercially reasonable terms and conditions to be negotiated in good faith by the Parties:

Appears in 1 contract

Samples: Assignment and License Agreement (Adagio Therapeutics, Inc.)

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