Common use of Minimum Performance Requirements Clause in Contracts

Minimum Performance Requirements. 5.1. Licensee shall use its best efforts to effect introduction of Licensed Technology into the commercial market as soon as possible; thereafter, until the expiration of this Agreement, Licensee shall keep Licensed Technology reasonably available to the public. For the purpose of clarity, “best efforts” means Licensee shall achieve the milestones listed in Section 5.2 below.

Appears in 2 contracts

Samples: License Agreement (Ohr Pharmaceutical Inc), Assignment Agreement (Ohr Pharmaceutical Inc)

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Minimum Performance Requirements. 5.1. Licensee shall use its best efforts to effect introduction of Licensed Technology into the commercial market as soon as possible; thereafter, until the expiration of this Agreement, Licensee shall keep Licensed Technology reasonably available to the public. For the purpose of clarity, “best efforts” means Licensee shall achieve the milestones listed in Section 5.2 below.

Appears in 1 contract

Samples: License Agreement (Alpha Healthcare Acquisition Corp Iii)

Minimum Performance Requirements. 5.1. 6.1 Licensee shall use its best efforts to effect introduction of introduce Licensed Technology into the commercial market markets as soon as possible; thereafter, until the expiration of this Agreement, Licensee shall keep Licensed Technology reasonably available to the public. For the purpose of clarity, “best efforts” means Licensee shall achieve the milestones listed public and actively promoted in Section 5.2 belowcommerce.

Appears in 1 contract

Samples: License Agreement (Sonic Foundry Inc)

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Minimum Performance Requirements. 5.14.1. Licensee shall use its best efforts to effect introduction of Licensed Technology into the commercial market as soon as possible; thereafter, until the expiration of this Agreement, Licensee shall keep Licensed Technology reasonably available to the public. For the purpose of clarity, “best efforts” means Licensee shall achieve the milestones listed in Section 5.2 below.

Appears in 1 contract

Samples: Technology Transfer Agreement

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