Common use of Commitment Deed Polls Clause in Contracts

Commitment Deed Polls. ‌ (a) When entering into, or proposing to enter into, a Sub-Grant Agreement with a Sub- Grantee, the Grantee must procure from each Sub-Grantee a duly executed Commitment Deed Poll on or before execution of that Sub-Grant Agreement by the Grantee. (b) If and when the Sub-Grantee enters into, or proposes to enter, a Commercialisation Agreement with a third party, the Grantee must ensure that the Sub-Grantee is contractually required: (i) to procure a duly executed Commitment Deed Poll from each third party on or before execution by the Sub-Grantee of that Commercialisation Agreement; and (ii) to promptly provide a copy of each duly executed Commitment Deed Poll to both the Grantee and the Commonwealth. (c) For clarity, only a Sub-Grantee may enter into Commercialisation Agreement.