Common use of Right to Independently Develop Clause in Contracts

Right to Independently Develop. Nothing in this Agreement will impair Licensee’s right to independently acquire, license, develop for itself, or have others develop for it, intellectual property and technology performing similar functions as the Licensed Know-How or Licensed Patents or to market and distribute products based on such other intellectual property and technology, provided that the Licensee is in compliance with the obligations set forth in Article 5.

Appears in 2 contracts

Sources: License Agreement (Brickell Biotech, Inc.), License Agreement (Brickell Biotech, Inc.)