Common use of Rice Clause in Contracts

Rice. Immediately following the execution of this Agreement, and ---- until July 1, 1999, unless MAXYGEN earlier enters into an agreement with a third party regarding the use of Shuffling Technology with respect to rice for those projects which PIONEER wishes to conduct with MAXYGEN, MAXYGEN and PIONEER will negotiate in good faith the terms of a further agreement regarding the use of Shuffling Technology for agreed research projects with respect to rice, and corresponding license rights. It is understood and agreed that neither party shall be obligated to enter into any such agreement, and that MAXYGEN shall be free to enter into an agreement with a third party with respect to rice at any time prior to or after July 1, 1999.

Appears in 3 contracts

Sources: Collaborative Research and License Agreement (Maxygen Inc), Collaborative Research and License Agreement (Maxygen Inc), Collaborative Research and License Agreement (Maxygen Inc)