Common use of General Consequences Clause in Contracts

General Consequences. Upon any termination of this Agreement: (i) Each Party shall promptly return to the other all Confidential Information received from such other Party, except one copy of which may be retained for archival purposes. (ii) The license granted to Genethon under Section 4.1(b) shall automatically terminate. (iii) Genethon will use commercially reasonable efforts to promptly cancel all cancellable obligations incurred under the Development Plan. Subject to the preceding sentence, Audentes shall remain responsible in accordance with Article 5 for paying all costs related to Genethon Research Program Activities conducted by Genethon until the effective termination date and reimbursing Genethon for all noncancellable costs and expenses reasonably incurred by Genethon for the purposes of the Genethon Research Program Activities prior to delivery of the termination notice, whether such costs and expenses are actually payable by Genethon before or after the effective termination date, provided that Genethon shall use commercially reasonable efforts to cancel all cancellable obligations promptly upon receipt of Audentes’s termination notice or delivery of Genethon’s termination notice, as applicable.

Appears in 3 contracts

Sources: Collaborative Development Agreement, Collaborative Development Agreement (Audentes Therapeutics, Inc.), Collaborative Development Agreement (Audentes Therapeutics, Inc.)