Termination for Discontinuation of Development. In the event that Supernus and/or its Licensees discontinue all development or commercialization activities relating to a specific Supernus Product for a period of [**], RH shall have a right of first refusal to continue such development or commercialization activities relating to said specific Supernus Product provided RH agrees to a license from Supernus on terms and conditions mutually acceptable by the parties. Said right of first refusal shall expire if the parties are unable to reach a negotiated agreement within [**].
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Supernus Pharmaceuticals Inc), Purchase and Sale Agreement (Supernus Pharmaceuticals Inc)
Termination for Discontinuation of Development. In the event that Supernus and/or its Licensees discontinue all development or commercialization activities relating to a specific Supernus Product for a period of [*5*], RH shall have a right of first refusal to continue such development or commercialization activities relating to said specific Supernus Product provided RH agrees to a license from Supernus on terms and conditions mutually acceptable by the parties. Said right of first refusal shall expire if the parties are unable to reach a negotiated agreement within [**].
Appears in 1 contract
Samples: Purchase and Sale Agreement (Supernus Pharmaceuticals, Inc.)
