Common use of TERMINATION BY Clause in Contracts

TERMINATION BY. [***]. In the event [***] determines, in its sole discretion, to cease development of the Licensed Products in a given country or not to seek Registration of Licensed Products in a given country prior to Registration of a Licensed Product in such country, [***] shall have the right to terminate this Agreement in such country (without affecting this Agreement in the remaining countries of the Territory), by giving GW [***] prior written notice thereof.

Appears in 2 contracts

Sources: Exclusive License Agreement (Triangle Pharmaceuticals Inc), Exclusive License Agreement (Triangle Pharmaceuticals Inc)