Example ContractsClausesDisbandment
Disbandment
Disbandment contract clause examples

Disbandment. Unless otherwise agreed to in writing by the Parties, the JGC shall disband three (3) months after the launch of the first Product.

Establishment and Disbandment of Joint Research Committee. Within thirty (30) days after the Effective Date, Aduro and Lilly shall establish a joint research committee (the “JRC”). The JRC shall have and perform the responsibilities set forth in this Article 3; provided that the JRC shall in no event have any authority to amend this Agreement. The term for the JRC shall commence as of the date upon which it is established and continue until ​, but shall be extended # automatically, as necessary for the JRC to make decisions in accordance with Section 3.4.2 ​ or such limited time thereafter as is described in [Section 4.3.1 or 4.3.2], as applicable, or # on written agreement of the Parties. From and after the expiration of the term of the JRC as described in the foregoing sentence, this Article 3 shall have no further force or effect, except for [Section 3.7], which will continue in accordance with its terms.

Discontinuation; Disbandment; Annual Reports. Subject to the remainder of this Section 7.4.6 or as otherwise expressly set forth in this Agreement, each Joint Committee shall continue to exist until the Parties mutually agree to disband the applicable Joint Committee. Upon such mutual agreement # the applicable Joint Committee shall disband, have no further responsibilities or authority under this Agreement and will be considered dissolved by the Parties, # any requirement of a Party to provide Information or other materials to such Joint Committee shall be deemed a requirement to provide such Information or other materials to the other Party and, # with respect to any matter that is subject to the review or approval by such Joint Committee hereunder, after consultation with the other Party and taking the other Party’s comments, if any, into consideration in good faith, the Party with decision-making authority with respect to such matter as set forth in Section 7.4.3 shall have the right to decide such matter.

Disbandment. Upon completion of the Discovery Research Plan for a given Accepted Target, the JRC shall have no further responsibilities or authority under this Agreement with respect to that Accepted Target and the associated Discovery Probodies, Discovery PDCs and Licensed Products. Once the Discovery Research Plan has been completed for the second Accepted Target (or, if a second Target is not nominated prior to the deadline set forth in [Section 2.1.1], the first Accepted Target), the JRC shall have no further responsibilities or authority under this Agreement with respect to that second Accepted Target and the associated Discovery Probodies, Discovery PDCs and Licensed Products. Once the Discovery Research Plan has been completed for both the first Accepted Target and, if applicable, second Accepted Target and all of [[Organization A:Organization]]’s rights to perform a Target Exchange or to nominate a Substitute Target have expired or been exercised, the JRC will be considered fully dissolved by the Parties. Additionally, in the event of an Acquisition by Licensor or Change in Control of Licensor, in each case, involving a Competitor, [[Organization A:Organization]] shall have the right at any time and for any reason, effective upon written notice, to disband the JRC pursuant to [Section 14.2.2].

In case of Party A's disbandment or bankruptcy, even if Party B's creditor's rights under the Main Contract have not expired yet, Party B shall be entitle to participate in the Party A's procedures of liquidation or bankruptcy and declare the rights.

such other activities pertaining to the development and Commercialization Activities ascribed to the JSC in this Agreement or as mutually agreed between the Parties from time to time (including the formation or disbandment of any subcommittees).

Section # Disbandment. Notwithstanding anything to the contrary herein, the JSC may be dissolved upon the mutual written agreement of the Parties or at the request of FWB. In the event of disbandment of the JSC, all responsibilities and decisions allocated to the JSC shall be deemed allocated to the Parties, provided that the final decision-making authority shall remain in accordance with [Section 2.5].

to such joint committees. Any such joint committees shall automatically be disbanded upon the disbandment of the JSC in accordance with [Section 3.1.6].

After Party A knows that the debtor begins the procedures of disbandment or bankruptcy, Party A shall immediately notify Party B of declaration of the creditor's rights, timely participate in the procedures of disbandment or bankruptcy and exercise the right of recourse in advance. In case Party A knows or should know that the debtor begins the procedures of disbandment or bankruptcy but fails to exercise the right of recourse in advance, the losses shall be assumed by Party A.

Disbandment. The JDT will disband upon the earlier of ​. The JPT will disband upon the earlier of ​. Following the disbandment of all Joint Teams, all notices required to be delivered by a Party to the Joint Teams will thereafter be provided to the other Party in accordance with Section 18.12.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.