Common use of Initial Research Term Clause in Contracts

Initial Research Term. The Research Program shall commence on the Effective Date and end on the earlier of (i) the third (3rd) anniversary of the Effective Date and (ii) the termination of the Research Term pursuant to Section 11.2(a), unless extended as set forth below (the “Initial Research Term”).

Appears in 2 contracts

Sources: License and Collaboration Agreement (Syros Pharmaceuticals, Inc.), License and Collaboration Agreement (Global Blood Therapeutics, Inc.)