Common use of Excluded Targets Clause in Contracts

Excluded Targets. Notwithstanding anything herein to the contrary, Telik shall not be obligated to perform any of the services described in Section 1.2 with respect to any proposed Selected Targets that Telik determines are identical to or in conflict with biological targets included in any research collaboration between Telik and a third party corporate entity or any other biological targets which Telik is already actively pursuing, prior to receipt of a notice pursuant to Section 1.1 or Section 1.5 identifying such Selected Target ("Excluded Targets"). Telik shall notify Sanwa if a proposed Selected Target is an Excluded Target promptly after receipt of Sanwa's notice under Section 1.1 or Section 1.5 relating thereto.