Common use of Appointment is a Right Clause in Contracts

Appointment is a Right. The appointment of members of the JDC and any Subcommittees is a right of each Party and not an obligation and shall not be a “deliverable” as referenced in any existing authoritative accounting literature. Each Party shall be free to determine not to appoint members to the JDC or any Subcommittee.

Appears in 2 contracts

Sources: License, Development and Commercialization Agreement (Incyte Corp), License, Development and Commercialization Agreement (Incyte Corp)