Talecris Initiated Improvements - Commercial Products Sample Clauses

Talecris Initiated Improvements - Commercial Products. With respect to an Improvement initiated by Talecris for a Commercial Product which will result in a price increase, Bayer Canada shall notify HQ by June 30 of the prior year, Bayer Canada shall substantiate the price increase and Bayer Canada and HQ shall negotiate in good faith the amount and timing of any proposed price increase to HQ which, for greater clarity will not be implemented prior to April 1 of the following year. If HQ does not agree to accept the price from Bayer Canada, then Bayer Canada or HQ has the right to terminate the Agreement with respect to the Commercial Product, immediately upon notice to the other Party, without any cost or penalty.
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  • Field The term “

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