Common use of Collaboration Term Clause in Contracts

Collaboration Term. The Collaboration will begin on the Closing Date and the Collaboration will be completed within three (3) years unless otherwise mutually agreed by the Parties in writing (the “Collaboration Term”). The Collaboration will begin on the Closing Date and will be completed within three (3) years (the “Collaboration Term”), unless the Parties, by written amendment to this Agreement, mutually agree to extend the term. Sanofi shall have the right, on written notice to Translate Bio to terminate the Collaboration, if at any time Translate Bio is unable to perform its obligations under the Collaboration Plan due to lack of appropriate personnel or facilities or a Change of Control; provided, however, that such termination shall be effective as of the date specified by Sanofi in such notice which date is at least [**] after such notice is received by Translate Bio. In the event that Sanofi provides such a notice to Translate Bio, each of the Collaboration Term and Option Term shall end as of the effective date of such notice and Sanofi shall continue to pay for the FTE Costs, in accordance with the Collaboration Budget, and any non-cancellable Out-of-Pocket Costs, for a period of [**] after such notice is received by Translate Bio.