Common use of Formulation Development Clause in Contracts

Formulation Development. Formulation shall mean a specific combination of Materials that formulate the Active Ingredient, as well as compounds other than the Active Ingredient, developed as a result of the work conducted under the Development Plan. The development of the Formulation of the Product, includes without limitation, all stability tests and other studies as applicable, providing CARDAX reports of such stability tests, using Commercially Reasonable Efforts to modify the Formulation as necessary and develop processes capable of scale-up and commercialization in accordance with Applicable Laws.

Appears in 3 contracts

Sources: Collaboration Agreement (Cardax, Inc.), Collaboration Agreement (Cardax, Inc.), Collaboration Agreement (Cardax, Inc.)