Exclusivity Term definition
Examples of Exclusivity Term in a sentence
After expiration of the Exclusivity Term, said license shall become nonexclusive and continue indefinitely.
Novartis' screening right under Section 5.1 shall be exclusive ('exclusive', as used in this Section 5.2 and subject to the provisions of Section 5.5, shall mean 'to the exclusion also of Rigel') during the first two (2) years ("Exclusivity Term") after the Notice Date.
At any time during the Exclusivity Term with respect to a Novel Validated Target, Novartis shall on a not less than quarterly basis provide documentation to the reasonable satisfaction of Rigel that Novartis is maintaining a diligent, continuous program with respect to the Novel Validated Target.
This Agreement shall terminate upon thirty (30) days prior notice by Rigel (a) if ▇▇▇▇▇▇▇ has not selected a Preliminary Target-Peptide Pair for further evaluation pursuant to Section 3.4 prior to the expiration of the Research Period or, (b) if ▇▇▇▇▇▇▇ does not initiate compound screening as provided in Section 3.6 prior to the expiration of the latest to expire Exclusivity Term.
After expiration of the Exclusivity Term, the license granted to RIGEL pursuant to Section 3.1 under the Licensed Patents shall be nonexclusive for the remainder of the term of the Agreement.