Common use of Further Collaboration Clause in Contracts

Further Collaboration. Nothing in this Agreement shall prevent Biota from undertaking a collaborative project or entering an agreement with a third party for the purpose of or in relation to the use of Biota IP or Foreground IP in conjunction with the Intellectual Property of such third party to develop one or more diagnostics, provided that in the event Biota enters into a collaboration with a third party and develops and markets an influenza diagnostic in competition to the Diagnostic, BioStar's obligations under clause 7.1 to sell at least the Minimum Sales Volume for each Sales Year shall cease.

Appears in 2 contracts

Sources: Diagnostic Development and Commercialisation Agreement (Cortech Inc), Diagnostic Development and Commercialisation Agreement (Cortech Inc)