Common use of JCC Deadlocks Clause in Contracts

JCC Deadlocks. If a deadlock arises between the members of a JCC, the CEO of each Party shall be advised of the deadlock in writing and shall attempt to provide the JCC with a mutually agreed upon resolution within one (1) month. If such resolution is not timely provided by the CEOs of the Parties, the deadlock shall be resolved by [ * ].

Appears in 3 contracts

Samples: Collaboration Agreement (Protein Design Labs Inc/De), Collaboration Agreement (Protein Design Labs Inc/De), Collaboration Agreement (Exelixis Inc)

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JCC Deadlocks. If a deadlock arises between the members of a JCC, the CEO of each Party shall be advised of the deadlock in writing and shall attempt to provide the JCC with a mutually agreed upon resolution within one (1) month[*]. If such resolution is not timely provided by the CEOs of the Parties, the deadlock shall be resolved by [ * [*].

Appears in 1 contract

Samples: Collaboration Agreement (Exelixis Inc)

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