Additional Technology. During the Research Term, if either party believes that technology related to the subject matter of the Research that is Controlled by such party or a Third Party ("Additional Technology") would be valuable or necessary to the Research in the Field hereunder, such party shall present such technology, along with a written report with respect thereto, to the Research Management Committee. The Research Management Committee shall then determine whether licenses to, and/or acquisitions of, such Additional Technology shall be made, the party that shall approach and negotiate with any Third Parties and the terms of any agreements with any Third Parties, including, without limitation, payments for sponsored research. No such Third Party license and/or acquisition shall be effective with respect to the other party unless and until such other party has specifically agreed in writing to abide by the applicable terms and conditions of any such license and/or acquisition (other than payment terms, which are provided for in Sections 6.2 and 7.2 below). It is understood and agreed that with respect to all Additional Technology, Corixa's rights shall be limited to the Corixa Exclusive Field and GenQuest's rights shall be limited to the GenQuest Exclusive Field. Notwithstanding the foregoing, this Section 4.5 shall not be deemed to preclude either party from acquiring Additional Technology.
Appears in 2 contracts
Sources: License and Research Collaboration Agreement (Corixa Corp), License and Research Collaboration Agreement (Corixa Corp)