Common use of Scope Description Clause in Contracts

Scope Description. For each such CDP, the parties will mutually agree in advance regarding any particular applications within the Field that the parties will address collaboratively in connection with that CDP (the “CDP Field”), the elements of the CPS for that CDP (including the target Lead Compounds and potential Derivative Compounds), the TFS for the CDP Field, each party’s respective technology contributions to the CDP and ownership of Intellectual Property Rights in such contributions, the license terms applicable to each party’s respective Intellectual Property Rights necessary to engage in the activities specified in the CDP, any other research and development requirements for the CDP, any cost sharing for research and development activities undertaken as part of the CDP, the schedule and term for the CDP, and the commercialization plans (including whether commercialization will be exclusive or non-exclusive, in what respects and on what terms) and revenue sharing or royalties for any results of each CDP.