New Technologies. (a) THIRD-PARTY RIGHTS. The Management Committee may acquire from third parties, if commercially reasonable, such rights to new technology in the Field as are necessary or desirable for the JV, directly or indirectly, to make, use and sell Products. The JV (and not the Collaborators individually) shall be responsible for any payments or royalties for such rights attributable to the sale of Products in the Major Markets owing to a third party under an agreement approved by the Management Committee.
Appears in 2 contracts
Sources: Confidential Agreement (Chiron Corp), Confidentiality Agreement (Chiron Corp)