Category 2 Products definition
Examples of Category 2 Products in a sentence
Regarding Category 2 Products, Seller will have no duty except to take commercially reasonable steps to ensure that Buyer enjoys the same rights as Seller against the parties who manufactured the items or sold them to Seller.
Further, Takeda will provide notice to the JSC if Takeda elects to suspend or no longer proceed with Commercializing any Licensed Category 2 Products.
During the Initial Licensed Category 2 Research Term, the then current Licensed Category 2 Research Plans may not provide for the concurrent Development of Licensed Category 2 Compounds, Licensed Category 2 Products, or Companion Diagnostics directed to more than six (6) Licensed Category 2 Targets (the “Licensed Category 2 Target Cap”).
On a Licensed Category 2 Target‑by‑Licensed Category 2 Target basis, promptly following commencement of the Licensed Category 2 Development Term for such Licensed Category 2 Target, Takeda will prepare and the JSC will review and discuss an individualized development plan for the Development of Licensed Category 2 Compounds, Licensed Category 2 Products, and Companion Diagnostics directed to such Licensed Category 2 Target (each a “Licensed Category 2 Development Plan”).
Takeda will be responsible for all FTE Costs and Out‑of‑Pocket Costs incurred in the performance of Commercialization activities related to Licensed Category 2 Products and Companion Diagnostics directed to any Licensed Category 2 Target.