DURECT Termination. DURECT may terminate this agreement upon written notice if Otonomy is in material breach of any provision hereunder and has not cured such breach within [***] days following the receipt of a first notice which specifies in reasonable detail the nature of the breach sent to it by DURECT; provided, however, that if Otonomy disputes such breach in writing within the Cure Period, [***].
Appears in 2 contracts
Sources: License and Commercialization Agreement (Otonomy, Inc.), License and Commercialization Agreement (Otonomy, Inc.)