Common use of Notice; Exception Clause in Contracts

Notice; Exception. The termination of Abrika’ exclusive rights under Section 7.1 shall take effect thirty (30) days following its receipt of written notice from Corium (the “Exclusivity Notice Period”) indicating its intent to exercise its rights thereunder. Notwithstanding the foregoing, Exclusivity Termination shall not apply in the event that Abrika provides notice to Corium within the Exclusivity Notice Period that its failure to commence commercial sale or distribution is due to causes beyond its control, and that such causes are not likely to continue beyond the twelve month period of such notice.

Appears in 3 contracts

Sources: Product Development, Collaboration and License Agreement (Corium International, Inc.), Product Development, Collaboration and License Agreement (Corium International, Inc.), Product Development, Collaboration and License Agreement (Corium International, Inc.)