Common use of Hidden Defect Clause in Contracts

Hidden Defect. If a defect is found in any lot of the BULK DRUG SUBSTANCE shipped by TANABE, which could not reasonably be expected to have been found by diligent and adequate inspection by VIVUS pursuant to its obligations under the Paragraph 1.8(a), such as stability, and if such defect is claimed to TANABE within six (6) months from the date of the receipt thereof, any such claim by VIVUS shall be handled pursuant to the Paragraphs 1.8(b), (c) and (d).

Appears in 2 contracts

Sources: Confidentiality Agreement (Vivus Inc), License Agreement (Vivus Inc)

Hidden Defect. If a defect is found in any lot of the BULK DRUG SUBSTANCE shipped by TANABE, which could not reasonably be expected to have been found by diligent and adequate inspection by VIVUS pursuant to its obligations under the Paragraph 1.8(a), such as stability, and if such defect is claimed to TANABE within six (6) months from the date of the receipt thereof, any such claim by VIVUS shall be 42 handled pursuant to the Paragraphs 1.8(b), (c) and (d).

Appears in 1 contract

Sources: Annual Report