Common use of Competitive Product Clause in Contracts

Competitive Product. As of the Effective Date and for [**] thereafter, neither Party nor its Affiliates shall research (other than [**], which may be conducted worldwide), develop, register, file for registration, manufacture, purchase, sell, promote, distribute, commercialize or otherwise exploit any Competitive Product in the Field anywhere in the Territory nor enable or

Appears in 1 contract

Sources: Buy in License Agreement (Incyte Corp)

Competitive Product. As of the Effective Date and for [***] thereafter, neither Party nor its Affiliates shall research (other than [***], which may be conducted worldwide), develop, register, file for registration, manufacture, purchase, sell, promote, distribute, commercialize or otherwise exploit any Competitive Product in the Field anywhere in the Territory nor enable oror authorize any Third Party to do so. The foregoing shall not preclude either Party from conducting research related to [***] that are not [***]; provided that any such research shall not continue should such [***] become [***].

Appears in 1 contract

Sources: Buy in License Agreement (Ariad Pharmaceuticals Inc)