Exclusivity Fees. In consideration for the exclusivity rights granted in Section 2.1 Evelo will pay to Biose an Exclusivity Fee of each year during the Term. The first Exclusivity Fee payment will be due within of the Effective Date. The second and third Exclusivity Fee payments will be due within of the first and second anniversaries of the Effective Date, respectively.
In the event of any termination of this Agreement by Evelo, Evelo shall have no obligation to pay any further Exclusivity Fees. In considerationFee pursuant to Section 2.1 and in such case, Biose will reimburse Evelo for a pro rata portion of the Exclusivity Fee paid for the exclusivity rights granted inapplicable Agreement Year pursuant to Section 2.1 Evelo will pay to Biose an Exclusivity Fee of each year during the Term. The first Exclusivity Fee payment will be due within of the Effective Date. The second and third Exclusivity Fee payments will be due within of the first and second anniversaries of the Effective Date, respectively.1.
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.