ACT Preparation definition
ACT Preparation means a composition or preparation containing or comprising one or more ACT Components. For clarity, and without limiting the generality of the foregoing, an ACT Preparation:
(a) may (but need not) be a CAB ACT Preparation – i.e., may but need not incorporate any of the following: (i) a CAB Component (whether or not a BioAtla CAB Component); (ii) a component obtained or generated by or on behalf of the Company from BioAtla CAB Deliverables; or (iii) a component obtained or generated by or on behalf of the Company through the practice of BioAtla Licensed Technology within the scope of the Limited CAB Rights; and
(b) may (but need not) incorporate a component identified, obtained or generated by or on behalf of the Company without the use of any BioAtla Licensed Technology, BioAtla CAB, other CAB, BioAtla CAB Component, other CAB Component or BioAtla CAB Deliverable (e.g., a component identified, obtained or generated through other technology).
Examples of ACT Preparation in a sentence
The Company shall have the sole right to bring, enforce, or settle any action or proceeding with respect to infringement of any Joint Patent that claims or discloses a F1 ACT Preparation or F1 ACT Treatment, at the Company’s sole discretion, cost and expense.
The parties shall mutually agree, on a Joint Invention-by-Joint Invention basis, which of the parties will have the first right and responsibility to prepare, file, prosecute and maintain Joint Patents claiming a Joint Invention (the party with such first right and responsibility, the “First Party”); provided, however, that Company shall be the First Party with respect to any Joint Patent that claims or discloses any CAB ACT Preparation or CAB ACT Treatment.