Common use of Formation and Duration Clause in Contracts

Formation and Duration. Within ten (10) days after the Effective Date, Achillion and Gilead shall establish the Research Committee (“Research Committee”). Except to the extent otherwise provided by mutual written agreement of the Parties, the Research Committee shall disband upon the later of Proof of Concept or expiration of the Research Program Term.

Appears in 2 contracts

Sources: Research Collaboration and License Agreement (Achillion Pharmaceuticals Inc), Research Collaboration and License Agreement (Achillion Pharmaceuticals Inc)