Common use of STATEMENTS TO THE PUBLIC Clause in Contracts

STATEMENTS TO THE PUBLIC. Neither TP nor ASTRAZENECA shall make or procure or permit the making of any announcement, publicity, news release, comment or other public statement, whether to the press, to stockholders or otherwise, with respect to this Agreement, its subject matter or any ancillary matter without the prior consent of the other Party, which consent shall not be unreasonably withheld. Except as otherwise permitted pursuant to the immediately preceding sentence, any Party making any announcement which is required by law shall, unless prohibited by law, give the other Party an opportunity to review the form and content of such announcement and comment before it is made. Either Party shall have the right to make such filings with governmental authorities, as to the contents and existence of this Agreement as it shall reasonably deem necessary or appropriate (provided that the Parties shall reasonably cooperate with respect to obtaining confidential treatment of sensitive information, as appropriate). The wording and the timing of any press release or of any other announcement and/or statement to the public with regard to the subject matter of this Agreement shall have to be agreed upon in advance between the Parties.

Appears in 2 contracts

Sources: Licence Agreement, Licensing Agreement