Common use of Continuous Supply Clause in Contracts

Continuous Supply. Upon expiration of this Agreement or termination of this Agreement by INNO pursuant to Section 11.2(a) (Termination for Material Breach) or Section 11.2(c) (Termination for Bankruptcy), the Parties shall mutually agree through a separate agreement that either (i) ASCENTAGE shall continue Manufacturing and supplying the Licensed Products at a price equal to [***] or, (ii) upon the request of INNO, transfer the relevant rights, materials and documents for Manufacturing the Licensed Products to INNO so that INNO can Manufacture and supply the Licensed Products by itself or by a Third Party, in which case ASCENTAGE shall provide all assistance necessary for INNO or the relevant Third Party to Manufacture and supply the Licensed Products.

Appears in 2 contracts

Sources: Collaboration and License Agreement (Ascentage Pharma Group International), Collaboration and License Agreement (Ascentage Pharma Group International)