Reversion of License Rights in the Collaboration Agreement. Except as otherwise provided in Section 2.1(a) of this Agreement, as of the Effective Date, (a) all rights and licenses granted by TSD to PPD under the Collaboration Agreement shall terminate and revert to TSD, and (b) all rights and licenses granted by PPD to TSD under the Collaboration Agreement shall terminate and revert to PPD.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement (Furiex Pharmaceuticals, Inc.), Assignment and Assumption Agreement (Furiex Pharmaceuticals, Inc.)
