Common use of Optional Extension Clause in Contracts

Optional Extension. The Parties may extend the Exclusive Manufacturing Period(s) applicable to POZEN for successive ********* terms, upon terms to be agreed upon at such time by the Parties.

Appears in 2 contracts

Sources: Development, Option and License Agreement, Development, Option and License Agreement (Pozen Inc /Nc)

Optional Extension. The Parties may extend the Exclusive Manufacturing Period(s) applicable to POZEN for successive ********* one-year terms, upon terms to be agreed upon at such time by the Parties.

Appears in 1 contract

Sources: Development, Option and License Agreement (Pozen Inc /Nc)