definiens: s hall mean the ownership of more than fifty percent ( 50 % ) of the voting rights or of the rights to direct th e management and policies of an entity.- or of total transmission of the assets and liabilities of Licen see, except if ( i ) such continuance conflicts with the p ublic order / ethical obligations of Inserm Transfert and/or the Co - Owners and/or ( ii ) this action tarnishes the image of Inserm Transfert and/or the Co - Owners and /or ( iii ) the Co - Owners and/or Inserm Transfert are cur rently involved or have been involved in a litigati on with beneficiary within the three ( 3 ) years prior t o the notification from Licensee and can provide wr itten evidence of such litigation . Inserm Transfert may t erminate the license for one of the reasons describ ed above within twenty - one ( 21 ) days following the not ification by Licensee announcing the planned change of Control or the total transmission of assets and liabilities . In the absence of reply or objection o f Inserm Transfert in the said period, the Agreement shall c ontinue