Common use of Optimization Rights Clause in Contracts

Optimization Rights. During the Research Period, Sankyo may submit Licensed Compound Sets to ArQule for inclusion in the Directed Array Program. At any time, Sankyo may conduct optimization of any Licensed Compound Set. In the event that Sankyo conducts optimization of a Licensed Compound Set, then at the request of Sankyo, ArQule will provide Sankyo with synthetic protocols to enable Sankyo to make those Licensed Compounds.

Appears in 2 contracts

Sources: Research and Development Agreement (Arqule Inc), Research and Development Agreement (Arqule Inc)