Common use of Sales and Distribution Clause in Contracts

Sales and Distribution. Each Party and its Related Parties shall be responsible for booking sales and shall store and distribute the Covered Products in its own Territory. If a Party receives any orders for the Covered Product in the other Party’s Territory or if a Party has reason to believe that the Covered Product is intended to be administered in the Territory to a Person whose primary domicile is outside the that Party’s Territory, it shall refer such orders to the other Party. Moreover, each Party and its Related Parties shall be solely responsible for handling all returns of the Covered Product, as well as all aspects of the Covered Product order processing, invoicing and collection, distribution, inventory and receivables, in its own Territory.

Appears in 2 contracts

Samples: License Agreement (Clearside Biomedical, Inc.), License Agreement (Clearside Biomedical, Inc.)

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Sales and Distribution. Each Party and its Related Parties shall be responsible for booking sales and shall store and distribute the Covered Products Licensed Product in its own Territory. If a Party receives any orders for the Covered Licensed Product in the other Party’s Territory or if a Party has reason to believe that the Covered a Licensed Product is intended to be administered in the Territory to a Person whose primary domicile is outside the that Party’s Territory, it shall refer such orders to the other Party. Moreover, each Party and its Related Parties shall be solely responsible for handling all returns of the Covered a Licensed Product, as well as all aspects of the Covered a Licensed Product order processing, invoicing and collection, distribution, inventory and receivables, in its own Territory.

Appears in 2 contracts

Samples: License Agreement (Argos Therapeutics Inc), License Agreement (Argos Therapeutics Inc)

Sales and Distribution. Each Party and its Related Parties shall be responsible for booking sales and shall store and distribute the Covered Licensed Products in its own Territory. If a Party receives any orders for the Covered a Licensed Product in the other Party’s Territory or if a Party has reason to believe that the Covered a Licensed Product is intended to be administered in the Territory to a Person whose primary domicile is outside the that Party’s Territory, it shall refer such orders to the other Party. Moreover, each Party and its Related Parties shall be solely responsible for handling all returns of the Covered a Licensed Product, as well as all aspects of the Covered a Licensed Product order processing, invoicing and collection, distribution, inventory and receivables, in its own Territory.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

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Sales and Distribution. Each Party and its Related Parties shall be responsible for booking sales and shall store and distribute the Covered Products a Licensed Product in its own Territory. If a Party receives any orders for the Covered a Licensed Product in the other Party’s Territory or if a Party has reason to believe Knows that the Covered a Licensed Product is intended to be administered in the Territory to a Person whose primary domicile residence is outside the that Party’s Territory, it shall refer such orders to the other Party. Moreover, each Party and its Related Parties shall be solely responsible for handling all returns of the Covered a Licensed Product, as well as all aspects of the Covered a Licensed Product order processing, invoicing and collection, distribution, inventory and receivables, in its own Territory.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

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