Common use of Subsequent Public Disclosures By Licensor Clause in Contracts

Subsequent Public Disclosures By Licensor. Licensor may not make any subsequent press release or public announcements regarding this Agreement or any matter covered by this Agreement, other than the Development and Commercialization of Product by Licensor in the Reserved Territory, and the achievement of milestones and receipt of milestone payments hereunder, without the prior written consent of Company. In the event that Licensor believes it is required to issue a press release or make another public announcement to comply with Law as a publicly-traded company and Company does not believe such public announcement is so required, Licensor may only issue such press release if (i) it obtains an opinion of legal counsel, from a reputable law firm approved by Company, that it is required to make such disclosure to comply with Law and (ii) after receiving such opinion, provides the text of such planned disclosure to Company no less than [...***...] prior to disclosure, and has incorporated all reasonable comments of Company regarding such disclosure.

Subsequent Public Disclosures By Licensor. Licensor may not make any subsequent press release or public announcements regarding this Agreement or any matter covered by this Agreement, other than the Development development and Commercialization commercialization of Product by Licensor in outside the Reserved Territory, and the achievement of milestones and receipt of milestone payments hereunder, without the prior written consent of Company. In the event that Licensor believes it is required to issue a press release or make another public announcement to comply with Law as a publicly-traded company and Company does not believe such public announcement is so required, Licensor may only issue such press release if (i) it obtains an opinion of legal counsel, from a reputable law firm approved by Company, that it is required to make such disclosure to comply with Law and (ii) after receiving such opinion, provides the text of such planned disclosure to Company no less than [...***...] prior to disclosure, and has incorporated all reasonable comments of Company regarding such disclosure.