Common use of A Party Clause in Contracts

A Party. Parties generating significant Foreground shall give written notice to the Center Manager upon creation of such Foreground. The Center Manager shall inform any Party (/Parties) that have an option to acquire the Foreground or which accrues an Access Right to the Foreground without undue delay, or, with regards to Access Rights - as soon as possible given consideration to an ongoing patenting process, however not later than 3 (three) months after the Foreground is created.

Appears in 2 contracts

Sources: Main Agreement, Main Agreement