Re: RJ2002
in response to
by
posted on
Aug 28, 2009 04:56AM
Other than for breaches of the Agreement, I believe that this is pertinent:
5.1 This Commercialization Agreement shall continue for the useful life of the MSD Patents, which shall be deemed to be the greater of the period of time during which any of the MSD Patents is either (i) susceptible to legal protection, or (ii) reasonably perceived to have commercial value.
5.2 In the event that facts or events are discovered or occur which materially reduce TPL's evaluation of the useful life or commercial value of the MSD Patents, or the viability of the Project, TPL may reduce the term of this Commercialization Agreement accordingly by providing P-Newco with ninety (90) days written notice, provided that TPL shall not reduce the term of this Commercialization Agreement to less than six (6) months.
5.3 After the expiration of the term provided for above, neither party shall have any further obligation hereunder other than the administration of all outstanding transactions as under Article VI below, and the obligations of confidentiality undertaken by the parties
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=3740542
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Be well