Common use of DEVELOPMENT ASSETS Clause in Contracts

DEVELOPMENT ASSETS. If Allergan does not exercise the License Option for any ASTI Product in any country prior to the expiration of such License Option or, if Allergan notifies ASTI expressly in writing that it will not exercise the License Option for an ASTI Product, Allergan shall make available to ASTI for further development and commercialization activities at no charge, all clinical supplies, materials and other assets purchased, manufactured or developed for use in the development of such ASTI Product with respect to such country to the extent such assets will not be used under the Research and Development Agreement.

Appears in 3 contracts

Sources: License Option Agreement (Allergan Specialty Therapeutics Inc), License Option Agreement (Allergan Inc), License Option Agreement (Allergan Specialty Therapeutics Inc)