Development Failure Clause Samples
Development Failure. The Company is committed to the successful creation of the Tokens to be used within the Interface in the context of the Project. However, there is a risk that the Interface may not be successfully deployed and the Tokens not created. The project of the Company is still at an early stage and its completion may be prevented by a number of factors such as lack of funding or, if implemented, for lack of success.
Development Failure. If, [†] (a “Development Failure”), the JSC shall meet to determine whether to wind-down the Collaboration and terminate this Agreement.
Development Failure. This Agreement may also be terminated in accordance with Section 2.1.6 in the event of a Development Failure. [†] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION