Common use of Disputes Regarding Termination Clause in Contracts

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (15) business days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.), Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (15) business [**] days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) [**] days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Exclusive Patent License Agreement (Visterra, Inc.), Exclusive Patent License Agreement (Visterra, Inc.)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (1510) business days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Exclusive Patent License Agreement, Nonexclusive Patent License Agreement

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (1510) business days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediatelypromptly. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 2 contracts

Sources: Exclusive Patent License Agreement (Angion Biomedica Corp.), Exclusive Patent License Agreement (Elicio Therapeutics, Inc.)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen ten (1510) business days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 1 contract

Sources: Exclusive Patent License Agreement

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (15) business days [***] of receipt of notification of breach or certified notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days [***] of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 1 contract

Sources: Exclusive Patent License Agreement (BiomX Inc.)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (15) business days [********] of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days [********] of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 1 contract

Sources: Exclusive Patent License Agreement (SQZ Biotechnologies Co)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (1510) business days of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediately. If it does not do so, COMPANY shall be considered to have waived its rights to dispute the termination.initiate

Appears in 1 contract

Sources: Exclusive Patent License Agreement (Synlogic, Inc.)

Disputes Regarding Termination. If COMPANY disputes any termination by M.I.T. under this Section, it must notify M.I.T. of the nature of such dispute and the proposed manner in which to resolve the dispute within fifteen (15) business days [**] of receipt of notification of breach or notification of termination by M.I.T., whichever is sooner. If the parties do not resolve such dispute within ten (10) days [**] of such notification, then COMPANY shall be required to initiate the dispute resolution procedures outlined in Section 13.3(a) immediatelyimmediately and the matter shall be resolved in accordance with Article 13. If it COMPANY does not do soinitiate dispute resolution procedures as described above, COMPANY shall be considered to have waived its rights to dispute the termination.

Appears in 1 contract

Sources: Exclusive Patent License Agreement (Translate Bio, Inc.)