Common use of Election to Terminate Clause in Contracts

Election to Terminate. If either Party has the right to terminate under Sections 14.3 through 14.6, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 6 contracts

Sources: License Agreement (Zai Lab LTD), License Agreement (Zai Lab LTD), License Agreement (Zai Lab LTD)

Election to Terminate. If either Party has the right to terminate under Sections 14.3 14.2 through 14.614.5, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 4 contracts

Sources: License and Collaboration Agreement (Zai Lab LTD), License and Collaboration Agreement (Zai Lab LTD), License and Collaboration Agreement (Paratek Pharmaceuticals, Inc.)

Election to Terminate. If either Party has the right to terminate under Sections 14.3 15.2 through 14.615.5, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 2 contracts

Sources: License Agreement (Zai Lab LTD), License Agreement (Deciphera Pharmaceuticals, Inc.)

Election to Terminate. If either Party has the right to terminate under Sections 14.3 through 14.6, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it it, or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 1 contract

Sources: License Agreement (Turning Point Therapeutics, Inc.)

Election to Terminate. If either Party has the right to terminate under Sections 14.3 13.3 through 14.613.7, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 1 contract

Sources: Collaboration and License Agreement (Kura Oncology, Inc.)

Election to Terminate. If either Party has the right to terminate under Sections 14.3 13.3 through 14.613.5, it may at its sole option, elect either to (a) terminate this Agreement and pursue any legal or equitable remedy available to it it, or (b) maintain this Agreement in effect and pursue any legal or equitable remedy available to it.

Appears in 1 contract

Sources: License Agreement (Zai Lab LTD)