Common use of Transfer to HMI Clause in Contracts

Transfer to HMI. Unless prohibited by any Regulatory Authority or Applicable Law, at HMI’s written request, NVS will [***] transfer control of all Clinical Trials involving any Terminated Products being conducted by or on behalf of NVS, an Affiliate, or a Sublicensee as of the effective date of termination to HMI or its Affiliates or a Third Party that is designated in writing by HMI. NVS will [***] continue to conduct such Clinical Trials, [***] to minimize interruption of any such Clinical Trials (including the assignment of all related investigator and other agreements relating to such Clinical Trials); provided, that HMI will not have any obligation to continue any Clinical Trial unless required by Applicable Law, accepted pharmaceutical industry norms, or ethical practices. [***]

Appears in 4 contracts

Samples: Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.)

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