Common use of Collaboration Target Exclusivity Clause in Contracts

Collaboration Target Exclusivity. 7.1.1 Subject to this Article 7, on a Collaboration Target-by-Collaboration Target basis, during the applicable Exclusivity Period, neither Aktis nor its Affiliates shall ([***]) Exploit (a) any compound or product Directed To a Collaboration Target or (b) any compound or product that [***], and in each case of (a) and (b), in the Field in the Territory (each, a “Competing Product”). 7.1.2 Notwithstanding anything to the contrary herein, an Exclusivity Period with respect to a Collaboration Target shall terminate if ▇▇▇▇▇ fails [***]. 7.1.3 Notwithstanding anything to the contrary herein, an Exclusivity Period with respect to a Collaboration Target shall terminate if ▇▇▇▇▇ [***]. 7.1.4 Aktis may provide written notice to ▇▇▇▇▇ in the event Aktis reasonably believes that an Exclusivity Period with respect to a Collaboration Target should be terminated (such notice, an “Exclusivity Termination Notice”). [***]. 7.1.5 [***].