Common use of Termination of Development Clause in Contracts

Termination of Development. At any time, and upon notice to CDCP, CVBT may elect to terminate the Development process due to insufficient progress or outright inability to make progress toward a commercially marketable wound healing drug.

Appears in 1 contract

Samples: Development Agreement (CardioVascular BioTherapeutics, Inc.)

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Termination of Development. At any time, and upon notice to CDCP, CVBT may elect to terminate the Development process due to insufficient progress progress, overwhelming competition or outright inability to make progress toward a commercially marketable wound healing drug.

Appears in 1 contract

Samples: Technology License Agreement (CardioVascular BioTherapeutics, Inc.)

Termination of Development. At any time, and upon notice to CDCPPDLP, CVBT may elect to terminate the Development process due to insufficient progress progress, overwhelming competition or outright inability to make progress toward a commercially marketable wound healing drug.

Appears in 1 contract

Samples: Technology License Agreement (CardioVascular BioTherapeutics, Inc.)

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Termination of Development. At any time, and upon notice to CDCPPDLP, CVBT may elect to terminate the Development process due to insufficient progress or outright inability to make progress toward a commercially marketable wound healing drug.

Appears in 1 contract

Samples: Development Agreement (CardioVascular BioTherapeutics, Inc.)

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