Term of the Development Program. The Development Program shall continue for so long as the Parties agree, through the JMT, to pursue marketing approval for not less than one Development Compound in either the Joint Territory or the Exclusive Territory pursuant to the terms of this Agreement.
Term of the Development Program. The activities in the Development Program are planned to be completed and the Development Program will expire following the Effective Date (the “Development Term”), unless shortened or extended upon recommendation of the JSC and written agreement of the Parties, or earlier terminated pursuant to Section 11.3. Without limiting the foregoing, the JSC shall, at least prior to expiry of the Development Term (or any extension thereof), discuss whether sufficient time remains to complete the Development Program in accordance with the Development Plan within the remainder of the Development Term or whether any extension hereof is advisable.
Term of the Development Program. The Development Program shall commence on the Effective Date and continue until the expiration of the Initial Term of the Development Program. Notwithstanding the foregoing, unless earlier terminated pursuant to Section 14.4 below the Development Program may be renewed for additional one (1)-year periods (each such period an "Extension Period") upon mutual agreement of the parties; provided that neither party shall be obligated to approve any such renewal and shall have no liability whatsoever by reason of any failure to agree on any such renewal.
Term of the Development Program. The Development Program shall continue for so long as Xxxxxxx Pharma continues development and seeks marketing approval for not less than one Compound.
