Developmental Diligence Sample Clauses
The Developmental Diligence clause sets out the obligations of a party, typically in a development or collaboration agreement, to exercise a certain level of effort and care in progressing a project or product through its development stages. This clause may require the party to meet specific milestones, adhere to timelines, or use commercially reasonable efforts to advance the development process. Its core function is to ensure that the responsible party remains committed and proactive, thereby reducing the risk of delays or neglect and providing assurance to the other party that the project will move forward as intended.
Developmental Diligence. Licensee shall use Commercially Reasonable Efforts to clinically develop and to obtain Regulatory Approval for IMMU-132 (or, if Licensee ceases development of IMMU-132, an Other Licensed Molecule) in the [ * ] in [ * ]. The activities of Licensee’s Affiliates and its permitted Sublicensees shall be attributed to Licensee for the purposes of evaluating Licensee’s fulfillment of the obligations set forth in this Section 5.5. For clarity, Licensee will not be responsible for delays in clinical development or obtaining Regulatory Approval to the extent caused by a failure or delay in the performance by Company of any obligation under Article 4, 5 or 7 or any representation or warranty related thereto. Notwithstanding anything in this Agreement to the contrary, Licensee will have no obligation under this Agreement to Develop, Manufacture or Commercialize or otherwise pursue Next Generation Products.
Developmental Diligence. Licensee shall use Commercially Reasonable Efforts to clinically develop and to obtain Regulatory Approval for IMMU-132 (or, if Licensee ceases development of IMMU-132, an Other Licensed Molecule) in the *** in ***. The activities of Licensee’s Affiliates and its permitted Sublicensees shall be attributed to Licensee for the purposes of evaluating Licensee’s fulfillment of the obligations set forth in this Section 5.5. For clarity, Licensee will not be responsible for delays in clinical development or obtaining CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH THREE ASTERISKS (***), HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. Regulatory Approval to the extent caused by a failure or delay in the performance by Company of any obligation under Article 4, 5 or 7 or any representation or warranty related thereto. Notwithstanding anything in this Agreement to the contrary, Licensee will have no obligation under this Agreement to Develop, Manufacture or Commercialize or otherwise pursue Next Generation Products.
Developmental Diligence. Licensee shall use Commercially Reasonable Efforts to Develop and obtain Regulatory Approval for the Licensed Product in the Field throughout the Territory for the Priority Indications in accordance with the Development Plan. Licensee shall use Commercially Reasonable Efforts to, but not guarantee to, obtain reimbursement for the Licensed Product in the Territory for all Priority Indications; provided, however, that Company shall provide all reasonable assistance to Licensee as requested by Licensee, including providing all necessary or reasonably useful Information Controlled by Company. Without limiting the generality of the foregoing, Licensee shall, either itself or through an Affiliate or sublicensee, use Commercially Reasonable Efforts to (a) perform all of its obligations under the Development Plan in accordance with the projected time schedules set forth therein and (b) assign a dedicated clinical team to accelerate the Development in the Territory, including, but not limited to, a regulatory lead, a commercial Development lead, a medical director, a medical scientist, a safety physician, a study director, a project manager, and a data manager.