Territory-Specific Development Plan. Lian (directly, or through its Affiliates, Sublicensees, and Third Party subcontractors) shall use Commercially Reasonable Efforts to Develop the Licensed Product in the Field in the Territory. Lian will conduct the Development for the Licensed Product in the Field in the Territory in accordance with a development and regulatory plan and regulatory strategy for Development and Regulatory Approval of the Licensed Products solely in the Field in the Territory (the “Territory-Specific Development Plan”, as set forth in Exhibit A). Lian will update the Territory-Specific Development Plan not less than once per Calendar Year, and either Party may propose modifications to the Territory-Specific Development Plan at any time, subject in each case to approval by the JSC. Once approved by the JSC, each update to the Territory-Specific Development Plan will become effective and supersede the then-current Territory-Specific Development Plan. In the event of any proposed change to the Territory-Specific Development Plan as a result of any interaction with any Regulatory Authority, the JSC will meet as promptly as practicable to review and discuss any such proposed changes and determine an appropriate revision (if any) to the Territory-Specific Development Plan. If Lian is delayed in performing (or fails to perform) an obligation assigned to Lian in the Territory-Specific Development Plan as a result of Nanobiotix’s failure to timely perform any of its obligations under this Agreement, then the timelines for the performance of Lian’s obligations under the Territory-Specific Development Plan will be extended commensurate with the delay caused by Nanobiotix. Except as expressly provided for otherwise herein, each Party will be responsible for its costs and expenses incurred in performing Development activities pursuant to the Territory-Specific Development Plan.
Territory-Specific Development Plan. Except for the activities allocated to Lian under a Global Development Plan, all Development of Compounds and Licensed Products in the Territory will be conducted pursuant to a written a plan (the “Territory-Specific Development Plan”), the initial draft of which will be prepared by Xxxx and submitted to the JSC [***]. The Territory-Specific Development Plan will contain in reasonable detail (i) [***] (ii) [***]. Lian will update the Territory-Specific Development Plan not less than [***], and either Party may propose modifications to the Territory-Specific Development Plan at any time, [***], each update to the Territory-Specific Development Plan will become effective and supersede the then-current Territory-Specific Development Plan. In the event of any proposed change to the Development Plan as a result of any interaction with any Regulatory Authority, the JSC will meet as promptly as practicable to review and discuss any such proposed changes and determine an appropriate revision (if any) to the Territory-Specific Development Plan. If Lian is delayed in performing (or fails to perform) an obligation assigned to Lian in the Territory-Specific Development Plan as a result of Licensor’s failure to timely perform any of its obligations under this Agreement or the Development Plan, then the timelines for the performance of Xxxx’s obligations under the Territory-Specific Development Plan will be extended commensurate with the delay caused by Licensor.
Territory-Specific Development Plan. Within thirty (30) days after the Effective Date, the Parties will discuss in good faith and agree to an initial plan for the Development of the Initial Product in the Field in the JW Territory (such plan and any subsequent updates pursuant to this Section 3.1(b), collectively the “Territory Specific Development Plan”). The Territory Specific Development Plan will include, as applicable, non-clinical, pre-clinical or clinical Development activities to be conducted by the Parties in order to advance the Initial Product until completion of the Phase I Clinical Trial in the Field in the JW Territory, including the Parties’ respective responsibilities, anticipated timelines, and deliverables. For avoidance of doubt, unless the Parties agree otherwise, the Territory Specific Development Plan will provide that: (i) JW will conduct QTPP activities as described in the Territory Specific Development Plan;
Territory-Specific Development Plan. As of the Effective Date, the Parties have agreed to an initial plan for the Development of the Licensed Product(s) in the Field in the Territory [***].
Territory-Specific Development Plan
