Common use of Competitive Acquisition Clause in Contracts

Competitive Acquisition. Synthelabo shall promptly notify PRAECIS if Synthelabo shall acquire, or Synthelabo or substantially all its business or assets shall be acquired by, directly or indirectly, an entity which, directly or indirectly, is developing, or which Advertises, Promotes, manufactures, imports, offers for sale, sells or markets, any product which contains an LHRH Antagonist and which is competitive with any Licensed Product in the Territory. The occurrence of any of the events described in the preceding sentence shall not relieve either party of its obligations hereunder or otherwise modify or vary the rights and obligations of the parties hereunder, including without limitation Synthelabo's general obligation as provided herein to diligently develop, market and sell Licensed Products in the Territory.