Common use of Expiration of the Development Phase Clause in Contracts

Expiration of the Development Phase. Unless this Agreement is sooner terminated in accordance with the provisions of this Article 13, the term of the Development Phase shall expire upon receipt of final marketing approval and all required registration of Licensed Products in all indications mutually agreed upon by the Parties in the United States, the EU and [*]. If after the Development Phase ends for a particular Licensed Product further studies are required (for instance by request of a regulatory agency or because the Parties agree to pursue a new indication), then the Development Phase shall be reopened for such Licensed Product, and shall terminate when such studies are completed.