PHASE 1 TERM. This AGREEMENT is effective from the INITIAL EFFECTIVE DATE and terminates 18 months after the INITIAL EFFECTIVE DATE (“PHASE 1 TERM”) unless (a) terminated earlier under Article 10 (Termination); or (b) LICENSEE elects to continue under this AGREEMENT by entering PHASE 2 (“PHASE 2 ELECTION”) or PHASE 3 (“PHASE 3 ELECTION”).
Appears in 2 contracts
Sources: Patent License Agreement (Roth CH Acquisition I Co. Parent Corp.), Patent License Agreement (Roth CH Acquisition I Co. Parent Corp.)