Common use of Potential Expansion Clause in Contracts

Potential Expansion. In the event that: (a) (i) [********] of any Collaboration Compound, Candidate Drug or Product, or any Licensed Derivative with respect thereto, [********], or (ii) [********] any Collaboration Compound, Candidate Drug or Product, or any Licensed Derivative with respect thereto, [********]; and (b) [********], AstraZeneca gives notice to Targacept that [********], Targacept shall engage in good faith discussions with AstraZeneca with respect to [********]; provided that, for purposes of clarity, (A) Targacept’s obligation under this Section 8.9.2 shall be to engage in good faith discussions with AstraZeneca, and Targacept shall have no duty or obligation, fiduciary or otherwise, to [********], (B) Section 8.9.1 shall not apply to [********] pursuant to this Section 8.9.2, (C) neither Party shall be deemed in breach hereunder of any activity in respect of [********], to the extent such activities were permitted under this Agreement [********], and (D) unless the Parties otherwise agree in writing, no right granted or assigned under this Agreement [********] shall be revoked, reduced or limited as the result of [********].