Common use of Gatekeeper Clause in Contracts

Gatekeeper. Promptly following the Effective Date, the Parties shall jointly engage an independent attorney mutually acceptable to the Parties to serve as a gatekeeper (the “Gatekeeper”) through which Aktis may identify Excluded Targets and ▇▇▇▇▇ may inquire as to whether any Target that ▇▇▇▇▇ would like to designate as a Collaboration Target (whether as an Initial Collaboration Target pursuant to Section 3.2, or a Replacement Collaboration Target pursuant to Section 3.4) is an Excluded Target at such time. Aktis and ▇▇▇▇▇ shall cause the Gatekeeper to enter into a customary confidentiality agreement that includes confidentiality obligations at least as stringent as the provisions set forth in Article 12 and that prohibits the Gatekeeper from disclosing to Aktis any Confidential Information of ▇▇▇▇▇, including the identity of a Target that is or was the subject of any inquiry by ▇▇▇▇▇, and from disclosing to Lilly any Confidential Information of Aktis other than whether a Target proposed by ▇▇▇▇▇ is available as a Collaboration Target. The initial Gatekeeper will be [***], whom the Parties have acknowledged and agreed is independent.

Appears in 2 contracts

Sources: License, Research and Collaboration Agreement (Aktis Oncology, Inc.), License, Research and Collaboration Agreement (Aktis Oncology, Inc.)