Examples of CNS Field in a sentence
The Eisai Intellectual Property in the Field and the CNS Field in the Territory are free of any lien, covenant, easement, lien, lease, sublease, option, encumbrance, security interest, mortgage, pledge or claim of any nature, including limitations on transfer or any subordination arrangement in favor of a Third Party.
During the Evaluation Period, Eisai shall not negotiate or enter into discussions with any Third Party regarding a license or other arrangement regarding rights to the CNS Field and shall provide information reasonably requested by OV to enable OV’s determination whether to expand the Field to include the CNS Field.
In the event that the Parties are unable to enter into a mutually acceptable definitive agreement prior to the expiration of the Exclusivity Period, then Eisai shall have the right to negotiate with Third Parties to out-license or otherwise grant rights to the Compound in the CNS Field.
Following receipt by Eisai of the Exercise Notice, the Parties will negotiate in good faith on an exclusive basis, for up to ninety (90) days (unless otherwise agreed by the Parties) the terms of expanding the Field to include the CNS Field (the “Exclusivity Period”).
For clarity, in the foregoing sentence, “exclusive” means that neither OV nor its Affiliates shall, for its or their own account, and shall not grant to any Third Party the right and license under the OV Technology to, Develop, make, have made, store, use, sell, have sold, import, export and otherwise Commercialize Products for outside the Field (including the CNS Field) in the Territory.