14. Commitments and Contingencies

In March 2007, a lease agreement for an unlimited period starting in December 2007 was entered into for the use of business and research premises in Vienna. Within the first 10 years the contract can only be terminated under certain conditions.

In July 2015, a lease agreement was entered into for the use of approximately 15,000 square feet of office space in King of Prussia, PA, with the lease term continuing until December 2023 with no renewal options.

We also enter into lease agreements for equipment such as copiers and printers.

Lease expense was $1,264, $1,263 and $861 for the years ended December 31, 2017, 2016 and 2015, respectively.

Future minimum contractual obligations and commitments at December 31, 2017 are as follows:

	Year ending December 31,
(in thousands)	Total		2018		2019		2020		2021		2022		Therafter
Operating lease obligations	$	3,327	$	776	$	500	$	507	$	515	$	522	$	507
Other contractual commitments		10,550		10,550		—		—		—		—		—

Total	$	13,877	$	11,326	$	500	$	507	$	515	$	522	$	507

In addition to the agreements described above, the Company has other contractual commitments related primarily to contracts entered into with contract research organizations and contract manufacturing organizations in connection with the conduct of clinical trials and other research and development activities. The estimated payments to the services providers included in the table above are based solely on the estimated work to be performed by them to complete the trials and other activities along with the anticipated achievement of milestones included within the agreements. Also, some of these contracts are subject to early termination clauses exercisable at the discretion of the Company. The Company is not obligated to make minimum required payments under these service agreements.

The Company has no contingent liabilities in respect of legal claims arising in the ordinary course of business.