Common use of Research Phase Clause in Contracts

Research Phase. The Research Phase of the Research Program shall commence, on a Compound by Compound basis, upon the JSC's designation of such Compound as a Hit, and shall extend until the later of (a) the initiation of the Development Phase for such Compound, or (b) such time as the JSC determines, in writing, to discontinue all Research on such Compound and not to advance such Compound to the Development Phase, unless earlier terminated in accordance with Sections 11.4, 11.5, 11.7 or 11.9.1.