Innovation Pharmaceuticals Inc (IPIX)

[dreamer0]

Thanks, loanranger!

My question is...IF AS deliberately delays CT's for some reason then would that be considered as BA BREACH?

1.5 “ALFASIGMA Material Breach” means any material breach by ALFASIGMA of any of its obligations as follows: (a) make any payment to IPI under ARTICLE VI when due and payable; (b) unauthorized activities within or outside the ALFASIGMA Territory as specified in Section 2.7; or (c) failure to use Commercially Reasonable Efforts pursuant to Section 4.2(a). ALFASIGMA shall not be liable for any failure to perform, or be considered in breach of, its obligations under this Agreement (other than obligations to make payments of money) to the extent such performance has been delayed, interfered with or prevented by an event of Force Majeure.