Otsuka Grant Sample Clauses
The Otsuka Grant clause establishes the terms under which a grant is provided by Otsuka, typically outlining the purpose, scope, and conditions of the funding. In practice, this clause specifies the amount of the grant, the activities or research it supports, and any reporting or compliance requirements the recipient must fulfill. Its core function is to ensure that both parties clearly understand the expectations and obligations related to the grant, thereby preventing misunderstandings and ensuring proper use of the provided funds.
Otsuka Grant. Subject to the terms and conditions of this Agreement, including the restrictions set forth in Section 3.2 with respect to Development outside the Development Plan in the Shared Territory, Otsuka hereby grants to Acucela, under the Otsuka IP:
9.2.1 an exclusive license (even as to Otsuka) to Develop and Commercialize Collaboration Compounds and Collaboration Products in the Field in the Acucela Territory and to Manufacture Collaboration Compounds and Collaboration Products in the Field in the Territory for use in the Acucela Territory, subject to Otsuka’s rights to Manufacture Collaboration Compounds and Collaboration Products in the Field in the Territory for use in the Shared Territory or the Otsuka Territory;
9.2.2 a co-exclusive (with Otsuka and its subcontractors) license to Develop Collaboration Compounds and Collaboration Products in the Field in the Shared Territory in accordance with the Development Plan;
9.2.3 (only if Acucela elects to Co-Promote with Otsuka pursuant to Section 4.1.2(c)) a co-exclusive (with Otsuka and its subcontractors) license to Commercialize Collaboration Compounds and Collaboration Products in the Field in the Shared Territory in accordance with the Commercialization Plan; and
9.2.4 the right to have the foregoing performed on its behalf by subcontractors in accordance with Section 9.4 below.