Common use of Failure to make progress Clause in Contracts

Failure to make progress. any time after the second (2nd) anniversary of the Effective Date the Licensor, in its reasonable opinion, believes that the Licensee has not made satisfactory progress towards the goal of filing for Regulatory Approval for a Licensed Product before at least one Relevant Regulatory Authority not later than 60 months f rom the Effective Date.

Failure to make progress. any time after the second (2nd) anniversary of the Effective Date the Licensor, in its reasonable opinion, believes that the Licensee has not made satisfactory progress towards the goal of filing for Regulatory Approval for a Licensed Product before at least one Relevant Regulatory Authority not later than 60 months f rom from the Effective Date.