Common use of Lead Compounds Clause in Contracts

Lead Compounds. Notwithstanding any provision of this Agreement, if a Compound is not designated as a Development Candidate within two (2) years following its designation by the JSC as a Lead Compound, such Lead Compound shall cease to be

Lead Compounds. Notwithstanding any provision of this Agreement, if a Lead Compound is not designated as a Development Candidate within two (2) years following its designation by the JSC as a Lead Compound, such Lead Compound shall cease to bebe considered a Compound within the meaning of this Agreement and all rights, title and interest to such Compound shall be returned to the Party having contributed such Compound to the Research Program and the other Party shall cease to have any right in respect of such Compound.