Common use of Option Exercise Notice Clause in Contracts

Option Exercise Notice. If Licensee elects, in its sole discretion, to exercise the Option with respect to the Additional Invention, Licensee shall give written notice (the "Option Exercise Notice") to BURF of its election to exercise within 90 days after receipt of the Additional Invention Notice.

Appears in 2 contracts

Sources: License Agreement (Cyberkinetics Neurotechnology Systems, Inc.), License Agreement (Cyberkinetics Neurotechnology Systems, Inc.)