Common use of Divestment Clause in Contracts

Divestment. Each Party may, at any time during the Development of a Collaboration Product, seek to Divest its then current ownership share of the Collaboration Product to a Third Party and exit the collaboration hereunder without further obligations.

Appears in 2 contracts

Sources: License and Collaboration Agreement (BioNTech SE), License and Collaboration Agreement (BioNTech SE)