Failure. If Company fails to perform any of its diligence obligations under Section 4.2, then Cornell shall have the right and option on written Notice to Company to either terminate this Agreement or convert the License from exclusive to nonexclusive. This conversion right, if exercised by Cornell, supersedes the exclusivity rights granted in Article 2.
Appears in 6 contracts
Sources: Fasttrack Startup License Agreement, Fasttrack Startup License Agreement, Fasttrack Startup License Agreement