Common use of Terminated Rights Clause in Contracts

Terminated Rights. In the event this Agreement is terminated with respect only to particular R&D Programs, Product Candidates, Elected Candidates or Products (and is not terminated in full), such terminated R&D Programs, Product Candidates, Elected Candidates and associated Products are referred to herein as the “Terminated Rights”, and the rights and obligations of the Parties as to the remaining R&D Programs, Product Candidates, Elected Candidates and associated Products in which termination has not yet occurred shall be unaffected by such termination.

Appears in 6 contracts

Samples: Master Collaboration and License Agreement, Master Collaboration and License Agreement, Master Collaboration and License Agreement (Moderna, Inc.)

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