Product Development Generally Clause Samples
Product Development Generally. Connetics shall have responsibility for all product development, which includes nominating the Products to be developed, and conducting or sponsoring all work necessary to secure applicable product licenses and other marketing authorizations required in the Territory. Subject to timely performance of Soltec's obligations pursuant to SECTION 4.3, Connetics shall complete product development as to each Product or Technology in sufficient time to enable Connetics to comply with its specific obligations under SECTIONS 4.2.1 through 4.
Product Development Generally. Except as set forth in Section 2.4, Bayer shall be responsible, at its sole cost and expense, for the development of the Product worldwide. Bayer shall conduct all Product development activities in compliance with Applicable Laws under the oversight of the EC, and subject to strategic direction from the Alliance Steering Committee; provided, however, that, except with respect to the Initial Indications Plans and any amendments thereto (which shall be governed by Section 2.3), Bayer shall have the final decision-making authority regarding development of Product, including development of Product for any indications other than the Initial Indications, subject to the rights of Onyx to conduct Separate Development Programs as provided in Section 2.4. For the avoidance of doubt, except for the Initial Indications Plans (and material amendments thereto) and any plans for development of Product pursuant to a Separate Development Program, all development plans with respect to Product shall be prepared by Bayer for review and approval by the EC and, to the extent the EC cannot agree on any aspect of such plans, Bayer shall have the final decision-making authority with respect to the same. Bayer shall keep Onyx appropriately informed, through the EC or otherwise (including via the electronic collaboration space), of the status and results of any Product development work performed by or on behalf of Bayer, including by providing on [ * ] basis (or more frequently to coincide with more frequent meetings of the EC, if applicable) a written progress report describing the development activities conducted by or on behalf of Bayer, any difficulties and unexpected circumstances encountered, summarized relevant data and results obtained, and any other relevant matters, in each case since the last such progress report. Upon reasonable prior written notice, Onyx shall have the right to inspect any records, notebooks, documents and other Information in the possession or under the control of Bayer reflecting Product development work done and results achieved by or on behalf of Bayer. The Parties hereby adopt and agree to implement, with respect to development of Product, the Guiding Principles set forth in Section 2.7.1. Notwithstanding anything to the contrary set forth herein, Onyx’s ability to develop the Product pursuant to a Separate Development [ * ]. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separate...
Product Development Generally