Common use of Contestation Clause in Contracts

Contestation. If Primagen receives a notice under Section 5.3, Primagen shall have the right to contest such notice by requesting arbitration under Article 16, and if Primagen requests such arbitration this Agreement shall be terminated pursuant to Section 5.3 only if in such arbitration there is a final determination that Primagen has not met Primagen’s obligation under Section 5.1 in the applicable calendar year and, in addition, in such calendar year none of the events set out in Schedule 3 has occurred.

Appears in 2 contracts

Sources: Exclusive Patent and Know How License Agreement (Pharmasset Inc), Exclusive Patent and Know How License Agreement (Pharmasset Inc)