Common use of Notification and Approval Clause in Contracts

Notification and Approval. In the event that this Agreement and/or the transaction(s) set forth herein are subject to notification and/or regulatory approval in one or more countries, then development and commercialization in such country(ies) will be subject to such notification and/or regulatory approval. The Parties will reasonably cooperate with each other with respect to such notification and the process required thereunder, including in the preparation of any filing. Merck will be responsible for any and all costs, expenses, and filing fees associated with any such filing.

Appears in 2 contracts

Sources: Research and License Agreement (Zymeworks Inc.), Research and License Agreement (Zymeworks Inc.)