Common Clauses That Trigger These Moves
Clause Why It's Risky 1 “Improvements” Clauses Can force companies tolicense back any enhancementsrelated to original tech. 2 “Field of Use” Ambiguity Broad definitions (e.g. “cardioprotection” or “oncology”) may entangle unrelated future developments. 3 “Milestone Triggers on IND/Clinical Progress” Can make future trialsfinancially burdensome, even if COH didn’t contribute. 4 “Derivative Works” or “Know-How” Rights COH may claimownership or profit shareover insights they only partially contributed to. Implication for Race Oncology
If the COH agreement hadanyof the above clauses, Race:
Would bewise to terminate nowbefore announcing new preclinical results or signing a licensing deal;
Could claimnew work is completely independent, especially if they’ve developed a novel mechanism or formulation;
Might be preparing forlicensing or partnership disclosures, and wants a “clean IP cap table” before entering due diligence.
Would you like me to map this reasoning into anASX-compliant investor explanation, or a hypotheticaltimeline of preclinical → IP filing → licensing deallike Gilead’s Forty Seven sequence?
prompt what are the common clause to terminate ip under these circumstances?
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