PRELIMINARY CONDITIONS. In return for SOLVAY’s consent to the grant-back to SLA of the rights granted under the LICENSE AGREEMENT and to the premature termination of the LICENSE AGREEMENT, SLA shall in accordance with the terms of this AGREEMENT pay to SOLVAY certain termination fees (hereinafter referred to as the “TERMINATION FEES”) based as follows:
Appears in 2 contracts
Sources: Exclusive License Agreement (Ventrus Biosciences Inc), Exclusive License Agreement (Ventrus Biosciences Inc)