Common use of Execution and Revocation Clause in Contracts

Execution and Revocation. G▇▇▇▇▇▇ has the right to review and consider this Agreement for a period of twenty-one (21) days prior to execution. Execution prior to the conclusion of said twenty-one (21) day period indicates an express and knowing waiver of the remaining portion of said twenty one (21) day review period and a willingness to enter into this Agreement voluntarily. Further, G▇▇▇▇▇▇ has the right to revoke this Agreement within seven (7) days after execution. For such revocation to be effective it shall: (a) be in writing; and (b) be received by OXIS within seven (7) days after execution of this Agreement by G▇▇▇▇▇▇.