Term and Expiration of Term. Unless otherwise mutually agreed to by the Parties, this Agreement shall commence on the Effective Date and shall end upon expiration of the Term, unless terminated early as contemplated hereunder. Unless terminated early under this Article 14, the licenses granted by Theravance to GSK pursuant to Section 2.1 with respect to the Collaboration Products shall be considered fully-paid and shall become non-exclusive upon expiration of the Term.
Appears in 4 contracts
Samples: Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc), Preferred Stock Purchase Agreement (Theravance Inc)
Term and Expiration of Term. Unless Except as otherwise mutually agreed to by the Parties, this Agreement shall commence on the Effective Date and shall end upon expiration of the Term, unless terminated early as contemplated hereunder. Unless terminated early under this Article 14, the licenses granted by Theravance to GSK pursuant to Section 2.1 with respect to the Collaboration Alliance Products shall be considered fully-paid and shall become non-exclusive upon expiration of the Term.
Appears in 4 contracts
Samples: Governance Agreement (Theravance Inc), Strategic Alliance Agreement (Theravance Inc), Strategic Alliance Agreement (Theravance Inc)