Common use of Commercial Application Clause in Contracts

Commercial Application. 11.1 As an inducement to STANFORD to enter into this AGREEMENT, NATUS agrees to use reasonable efforts and diligence to proceed with the development, manufacture, and sale or lease of Licensed Product(s) and to diligently develop markets for the Licensed Products(s). STANFORD's sole remedy for breach of this clause shall be the termination of this Agreement in accordance with Article 12 hereof. 11.2 If sales of Licensed Product(s) have not been made for a period of two (2) years during the term of this Agreement, then STANFORD may terminate this Agreement.