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 11.4 prior to the expiration of the Development Opportunity Offer Period, PRONOVA shall be free to offer to any third party the right to partner with PRONOVA with respect to such Development Opportunity or otherwise acquire rights in the Territory for any products, processes or other intellectual property rights resulting from such Development Opportunity, 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 Development Opportunity Offer Notice and subject in all cases to the terms, conditions and restrictions under this Agreement (including, without limitation, the provisions of Section 2.6 hereof).