Joint License. Subject to the terms and conditions of this Agreement, each of CFFTI and the Company agree that upon termination of the license and sublicense granted pursuant to Sections 5.1 and 5.2, respectively, because of a Technical Failure or because the Parties mutually agree following the occurrence of an Unresolved Deadlock Event not to proceed with Development Activities (a "Joint License Event"), the Licensed Products shall be licensed jointly, and hereby is exclusively licensed jointly, to each of CFFTI and the Company [**************************************************] within North America. All actions and decisions with respect to the Licensed Products following a Joint License Event shall be made [******************************], and in the event that the Licensed Products is sublicensed, sold, or otherwise transferred for value by mutual agreement of the Parties, all proceeds received or receivable in such transaction shall be allocated and distributed as follows:
Appears in 4 contracts
Samples: Strategic Alliance Agreement (Altus Pharmaceuticals Inc.), Strategic Alliance Agreement (Altus Pharmaceuticals Inc.), Strategic Alliance Agreement (Altus Pharmaceuticals Inc.)
