Common use of Right of PRONOVA to Offer to Third Party Clause in Contracts

Right of PRONOVA to Offer to Third Party. In the event RELIANT does not exercise its right of first negotiation under Section 10.1 prior to the expiration of the Offer Period, PRONOVA shall be free to offer to any third party, the right to participate in the development and commercialization of the ROFN Product in the Territory provided that the third party accepts terms and conditions, which taken as a whole are as favorable or more favorable to PRONOVA than those set forth in the Offer Notice.

Appears in 4 contracts

Samples: Agreement (Reliant Pharmaceuticals, Inc.), Agreement (Reliant Pharmaceuticals, Inc.), Agreement (Reliant Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.