Common use of Diligence Obligation Clause in Contracts

Diligence Obligation. As an inducement to Licensor to enter into this Agreement, Dermira agrees to use Commercially Reasonable Efforts to proceed with the development, manufacture, sale, and lease of Licensed Products in [*], and the development of markets for such Licensed Products in applicable [*] countries. The foregoing obligations shall include, where consistent with the Commercially Reasonable Efforts standard, an obligation to select commercially capable Sublicensees and to monitor and enforce the terms of sublicense agreements between Dermira and such Sublicensees.

Appears in 3 contracts

Sources: Exclusive License Agreement (Dermira, Inc.), Exclusive License Agreement (Dermira, Inc.), Exclusive License Agreement (Dermira, Inc.)