Common use of DEVELOPMENT ASSETS Clause in Contracts

DEVELOPMENT ASSETS. If ALZA does not exercise the License ------------------ Option for any Crescendo Product in any country prior to the expiration of such License Option or, if ALZA notifies Crescendo that it will not exercise the License Option for a Crescendo Product, ALZA shall make available to Crescendo 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 Crescendo Product with respect to such country to the extent such assets will not be used under the Development Agreement.

Appears in 1 contract

Sources: License Option Agreement (Crescendo Pharmaceuticals Corp)

DEVELOPMENT ASSETS. If ALZA does not exercise the License ------------------ Option for any Crescendo Product in any country prior to the expiration of such License Option or, if ALZA notifies Crescendo that it will not exercise the License Option for a Crescendo Product, ALZA shall make available to Crescendo 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 Crescendo Product with respect to such country to the extent such assets will not be used under the Development Agreement.

Appears in 1 contract

Sources: License Option Agreement (Alza Corp)