Common use of Cessation of Business Clause in Contracts

Cessation of Business. If COMPANY ceases to carry on its business related to this Agreement, M.I.T. shall have the right to terminate this Agreement immediately upon written notice to COMPANY.

Appears in 35 contracts

Samples: Massachusetts Institute of Technology (Bionik Laboratories Corp.), Patent License Agreement (BioTrove, Inc.), Exclusive Patent License Agreement (BIND Therapeutics, Inc)

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Cessation of Business. If COMPANY ceases to carry on its business related to this Agreementthe AGREEMENT, M.I.T. shall have the right to terminate this Agreement the AGREEMENT immediately upon written notice to COMPANY.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Elicio Therapeutics, Inc.), Patent License Agreement (Angion Biomedica Corp.)

Cessation of Business. If COMPANY ceases to carry on its business related to this Agreement, Agreement M.I.T. shall have the right to terminate this Agreement immediately upon written notice to COMPANY.

Appears in 1 contract

Samples: License Agreement (Arch Therapeutics, Inc.)

Cessation of Business. If COMPANY ceases to carry on its business related business. Related to this Agreement, M.I.T. shall have the right to terminate this Agreement immediately upon written notice to COMPANY.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Myomo Inc)

Cessation of Business. If COMPANY ceases to carry on its business related to this Agreement, . M.I.T. shall have the right to terminate this Agreement immediately upon written notice to COMPANY.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Translate Bio, Inc.)

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Cessation of Business. If If, prior to a permitted assignment, COMPANY ceases to carry on its business related to this Agreement, M.I.T. shall have the right to terminate this Agreement immediately upon written notice to COMPANY.

Appears in 1 contract

Samples: Patent License Agreement (GMP Companies Inc)

Cessation of Business. If COMPANY Company permanently ceases to carry on its business related to this Agreement, M.I.T. Institution shall have the right to terminate this Agreement immediately upon written notice to COMPANY.Company.61

Appears in 1 contract

Samples: Healthcare Technology License Agreement

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