Termination upon Abandonment Sample Clauses
Termination upon Abandonment. If no Third Party Licensee Agreement results from the collaboration under this Agreement with respect to a Product or Independent Diabetes Field Product, and no Product or Independent Diabetes Field Product is Developed or Commercialized by a Developing Party, within ten (1 0) years from the Effective Date, and/or, prior to the Development or entering into any Third Party Licensee Agreement for the Development and/or Commercialization, sale and/or distribution of a Product or Independent Diabetes Field Product, the Board determines in good faith that no JV Product will or is likely to receive Approval to be marketed by any Governmental Authority, the Parties may mutually agree in writing to terminate this Agreement.
Termination upon Abandonment. If no Product results from the collaboration under this Agreement within ten (10) years from the Effective Date, and/or if prior to the entering into any agreement with a Third Party Licensee for the Development, Commercialization sale and/or distribution of a Product, it becomes conclusively apparent that Product(s) will not receive Approval to be marketed by any Governmental Authority, the Parties may mutually agree in writing to terminate this entire Agreement.