Option to Develop Clause Samples

Option to Develop. In the event that either Siga or TransTech, but not both, decide to continue development of Program Intellectual Property, any Program Compound or any Product, and the result of invoking the procedures of Section 2.2 is that such development need not continue, the parties will enter into good-faith negotiations with respect to an agreement defining the terms and conditions under which the continuing Party may pursue unilateral development, taking into account the relative contributions of the parties through the date of cessation of joint development and the costs likely to be incurred in future development If the Parties are unable to reach agreement within sixty (60) days of the commencement of such negotiations, then this Agreement will terminate within the meaning of ARTICLE