Examples of Partnering Notice in a sentence
Xxxxxxx will have a period of [***] after receipt of all information to be provided in such Partnering Notice to present to Morphic a non-binding term sheet that sets forth the terms of a definitive agreement pursuant to which Xxxxxxx would be granted exclusive rights to Develop, Manufacture and Commercialize such Passed Terminated Xxxxxxx Product.
Upon receipt of a Partnering Notice, AVEO may request, and OSI shall promptly provide to AVEO, all information relating to the Section 4.3(c) Opportunity and relevant to AVEO’s determination of interest in initiating partnering discussions, to the same extent as such information is or will be provided to interested Third Parties (if any).
Upon receipt of a Partnering Notice, the Parties shall discuss the Potential Partnership in good faith and reach agreement as to whether to proceed in the negotiation of such Potential Partnership.
If Licensor provides an Initial Response to Licensee within the Initial Response Period that indicates that Licensor desires to obtain such ROFN Rights, then Licensor shall have a one-time right of first negotiation to obtain from Licensee such ROFN Rights for a period of up to [***] after receipt of the Partnering Notice by Licensor (the “ROFN Period”).
Within [***] after receiving the Partnering Notice (the “Initial Response Period”), Licensor shall notify Licensee in writing as to whether or not Licensor desires to obtain such ROFN Rights (such notice, the “Initial Response”).
Such Partnering Notice shall be accompanied by any available drafts of term sheets or contracts, or if not available, a summary of the proposed transaction to the extent available, in either case subject to redactions of financial terms to the extent required to comply with any confidentiality agreements with the potential counterparty.
If ATSA provides written notice to Company within [***] after receipt of the Partnering Notice by ATSA, then ATSA shall have a one-time right of first negotiation to obtain from the Company such Commercialization rights for a period of up to [***] after receipt of the Partnering Notice by ATSA (the “ROFN Period”).