Common use of Screening Phase Clause in Contracts

Screening Phase. All activities described in this Section 4.1 shall end when the Screening Phase ends. SB may extend the Screening Phase upon six (6) months written notice to ArQule, provided that the parties reach agreement on terms and conditions for such extension during the six-month notice period. The Screening Phase may also extend automatically as provided in Subsection 4.2.6.