Common use of IT IS THEREFORE AGREED Clause in Contracts

IT IS THEREFORE AGREED. The Parties agree that they shared a common legal interest prior to the Effective Date, that is, as of the Effective Date, in regard to the Patents. The Parties further acknowledge that they had agreed to exchange Common Interest Materials with the intent to further their common legal interest prior to the Effective Date and that this Agreement should be interpreted to retroactively cover any previous exchanges which would properly fall within the subject matter of this Agreement. [ ] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.