Common use of Recalls, Market Withdrawals or Corrective Actions Clause in Contracts

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed Product, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within [**] advise the other Party thereof by telephone, or by email or facsimile together with telephone confirmation. Medinet or its Related Party, in consultation with Argos, shall decide whether to conduct a recall in the Territory and the manner in which any such recall shall be conducted. Argos or its Related Party shall decide whether to conduct a recall outside of the Territory and the manner in which any such recall shall be conducted. Each Party shall bear the expense of any such recall in its own Territory. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to implement a recall by the other Party.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

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Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed ProductProduct in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawalwithdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within [**] twenty-four (24) hours advise the other Party thereof by telephone, telephone or by email or facsimile together with telephone confirmationfacsimile. Medinet or its Related Each Party, in consultation with Argosthe other Party, shall decide whether to conduct a recall in the its own Territory and the manner in which any such recall shall be conductedconducted (except in the case of a government mandated recall, when such Party may * Confidential Treatment Requested. Argos or its Related Omitted portions filed with the Commission. act without such advance notice but shall notify the other Party shall decide whether to conduct a recall outside of the Territory and the manner in which any such recall shall be conductedas soon as possible). Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to implement effect a recall by in the other Party’s Territory.

Appears in 1 contract

Samples: License Agreement (Dyax Corp)

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed Product, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within [**] advise the other Party thereof by telephone, or by email or facsimile together with telephone confirmation. Medinet MEDcell or its Related Party, in consultation with Argos, shall decide whether to conduct a recall in the Territory and the manner in which any such recall shall be conducted. Argos or its Related Party shall decide whether to conduct a recall outside of the Territory and the manner in which any such recall shall be conducted. Each Party shall bear the expense of any such recall in its own Territory. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to implement a recall by the other Party.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed ProductProduct in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawalwithdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within [**] advise the other Party thereof by telephone, facsimile or by email or facsimile together with telephone confirmatione-mail. Medinet or its Related Each Party, in consultation with Argosthe other Party, shall decide whether to conduct a recall in the its own Territory and the manner in which any such recall shall be conducted. Argos or its Related conducted (except in the case of a government mandated recall, when such Party may act without such advance notice but shall decide whether to conduct a recall outside of notify the Territory and the manner in which any such recall shall be conductedother Party as soon as possible). Each Party shall bear the expense of any such recall in its own Territory. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested by the other Party in order to implement effect a recall by in the other Party’s Territory.

Appears in 1 contract

Samples: License and Collaboration Agreement (Alnylam Pharmaceuticals, Inc.)

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Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed ProductProduct in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawalwithdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within [**] hours advise the other Party thereof by telephone, telephone or by email or facsimile together with telephone confirmationfacsimile. Medinet or its Related Each Party, in consultation with Argosthe other Party, shall decide whether to conduct a recall in the its own Territory and the manner in which any such recall shall be conducted. Argos or its Related conducted (except in the case of a government mandated recall, when such Party may act without such advance notice but shall decide whether to conduct a recall outside of notify the Territory and the manner in which any such recall shall be conductedother Party as soon as possible). Each Party shall bear the expense of any such recall in its own Territory. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to implement effecting a recall by in the other Party’s Territory.

Appears in 1 contract

Samples: License and Collaboration Agreement (Alnylam Pharmaceuticals, Inc.)

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