Common use of Deemed Completion Clause in Contracts

Deemed Completion. In the event that the Parties do not perform or complete the Technology and Process Transfer Plan, and therefore do not execute the Technology and Process Transfer Memorandum, the Technology and Process Transfer shall be deemed to be completed, and Translate Bio shall be paid the Technology Transfer Milestone, if [**] (“Deemed Completion”).

Appears in 2 contracts

Sources: Collaboration and License Agreement, Collaboration and License Agreement (Translate Bio, Inc.)