Common use of Termination for Challenge Clause in Contracts

Termination for Challenge. If AEON or any of its Affiliates or Sublicensees challenges before a court, tribunal, or government agency the validity, enforceability, scope, or protected status of any of the Licensed Rights, including but not limited to the trade secret status of any trade secret included within the scope of this Agreement, then Medytox may terminate this Agreement after fifteen (15) Business Days of service of written notice to AEON.

Appears in 4 contracts

Samples: Settlement and License Agreement (AEON Biopharma, Inc.), Settlement and License Agreement (AEON Biopharma, Inc.), Settlement and License Agreement (AEON Biopharma, Inc.)

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