Common use of Decision to Develop Clause in Contracts

Decision to Develop. For [**] from the date of the First Commercial Sale of a Finished Product in the Territory if either Party or its Affiliates (such Party, the “Developing Party”) wishes, directly or indirectly, to develop for sale, or sell, in the Territory [**] the Developing Party shall provide written notice and a detailed information package concerning such [**] to the other Party. Within [**] days of receipt of such notice and information package the other Party shall notify the Developing Party in writing if it wishes to participate in the development or acquisition of such [**] pursuant to the terms and conditions of this Agreement (the “Initial Notice”). If the other Party provides an Initial Notice, then such [**]. If the other Party does not provide an Initial Notice within [**] days of receipt of the notice and information package from the Developing Party, then [**].

Decision to Develop. For [**] from the date of the First Commercial Sale of a Finished Product in the Territory if either Party or its Affiliates (such Party, the “"Developing Party”") wishes, directly or indirectly, to develop for sale, or sell, in the Territory [**] the Developing Party shall provide written notice and a detailed information package concerning such [**] to the other Party. Within [**] days of receipt of such notice and information package the other Party shall notify the Developing Party in writing if it wishes to participate in the development or acquisition of such [**] pursuant to the terms and conditions of this Agreement (the “"Initial Notice”"). If the other Party provides an Initial Notice, then such [**]. If the other Party does not provide an Initial Notice within [**] days of receipt of the notice and information package from the Developing Party, then [**].