DISCLAIMER AND RELEASE. With respect to all Assigned Rights and Obligations under the Asset Transfer and License Agreement that are assigned to and assumed by Baudax hereunder, Recro Gainesville hereby, without any further action, disclaims and is released from the Assigned Rights and Obligations under the Asset Transfer and License Agreement, and Baudax shall have the sole right and responsibility in connection therewith. Recro Gainesville’s rights and obligations under the Asset Transfer and License Agreement shall not be affected or limited by a breach of the Asset Transfer and License Agreement by Baudax.
Appears in 3 contracts
Sources: Partial Assignment, Assumption and Bifurcation Agreement (Recro Pharma, Inc.), Partial Assignment, Assumption and Bifurcation Agreement (Baudax Bio, Inc.), Partial Assignment, Assumption and Bifurcation Agreement