Generic Versions Sample Clauses
The "Generic Versions" clause defines how generic equivalents of a product, typically pharmaceuticals, are addressed within an agreement. It outlines the conditions under which a generic version is considered to exist, such as regulatory approval or commercial availability, and may specify the impact on pricing, exclusivity, or royalty obligations. This clause is essential for managing the transition from branded to generic products, ensuring both parties understand their rights and obligations when generics enter the market, and mitigating disputes over market competition and financial terms.
Generic Versions. For clarity, the parties agree that Newco shall have the exclusive (even as to Depomed) right to Commercialize Generic Versions of Products in the Territory, either directly or indirectly through Authorized Generic Distributors; provided, however, that, unless otherwise agreed by the parties, Newco shall not be permitted to ship, or authorize an Authorized Generic Distributor to ship, any Generic Version, including any Authorized Generic, to Customers before Generic Entry for such Product. Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions marked [***].
Generic Versions. As of the Closing Date, except as disclosed in Schedule 4.1.23, the Vendor is not engaged or working, directly or indirectly, on the development, manufacturing or marketing of any generic version of any of the Products, and, except as disclosed in Schedule 4.1.23, is not aware of any other person working, directly or indirectly, on a generic version of any of the Products. The Vendor is not aware of any ANDS filed with the TPD and has not received any Notice of Allegation in connection with any of the Products by any manufacturer of generic
Generic Versions. 40 4.1.24 Disclosure................................................................................41 4.2 Representations and Warranties of the Purchaser...........................................41 4.2.1 Incorporation, Authority and Enforceability...............................................41 4.2.2 Investment Canada Act.....................................................................41 4.2.3 Residence of Purchaser; GST and QST Status................................................41 4.3 Commission................................................................................42 4.4 Non-Waiver................................................................................42
Generic Versions. For clarity, the parties agree that Newco shall have the exclusive (even as to Depomed) right to Commercialize Generic Versions of Products in the Territory, either directly or indirectly through Authorized Generic Distributors; provided, however, that, unless otherwise agreed by the parties, Newco shall not be permitted to ship, or authorize an Authorized Generic Distributor to ship, any Generic Version, including any Authorized Generic, to Customers before Generic Entry for such Product.