Serious Events Clause Samples
Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, either Party may terminate this Agreement upon thirty (30) days' written notice.
Serious Events. In the event a certified organization is affected by a serious event( War, Riot, Strike, Political Instability, Geopolitical tension, Crime, Pandemic , Flood, Earthquake , Malicious computer hacking and other natural/man made disasters) , OneCert International Private Limited will assess the risks of continuing certification outlining the steps and review planned audits when a serious event (this includes situations where due to safety, security and/or visa issues in the country, an audit cannot be performed or certified organization has been affected by some war, biochemical/biological/ natural disasters. The use of remote assessments by OneCert International Private Limited of Certified Organization is on a voluntary basis, by mutual agreement, or may be initiated by the OneCert International Private Limited as and when applicable. When possible, the scope, planning, assessment process and documentation of the audit will follow ISO 19011. Upon the mutual agreement of Certified organization and OneCert, only the following audit can be performed as remote audit which will be followed by on-site audit within 30 days 1. Stage-1
Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, including but not limited to (i) a serious adverse event associated with the Compound and/ or the Product or (ii) infringement of any Third Party intellectual property rights by the manufacture, importation, use or sale of the Product, either Party may terminate this Agreement upon thirty (30) days' written notice.
Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, including but not limited to a serious adverse event associated with the Product, either party may, with full consultation with the other party, terminate this Agreement upon thirty (30) days' written notice. Termination by a party in good faith pursuant to this Article 17.4 shall not, in itself, constitute a basis for any claim for compensation or other remedies by the other party. In the event of termination by VIVUS under this Article 17.4, VIVUS shall be restricted from commericializing the Product, either directly or indirectly, for a period of two (2) years in the Territory.
Serious Events. Should there occur serious or unexpected events or circumstances which, from a reasonable pharmaceutical company's point of view, would make it impossible, impracticable or commercially unreasonable to pursue the development and commercialization of the Product, such as (without limitation) safety issues, efficacy issues, regulatory issues or other justifiable reasons which would have a material adverse effect on the development and commercialization of the Product, Licensee may, in its sole discretion, but in consultation with Licensor, terminate this Agreement by written notice to Licensor, such notice to be effective on its receipt.
Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Products, including but not limited to a serious adverse event associated with the Products, either party may, with full consultation with the other party, terminate this Agreement upon thirty (30) days' written notice. Termination by a party in good faith pursuant to this Article 17.4 shall not, in itself, constitute a basis for any claim for compensation or other remedies by the other party.