Co-Development Project definition
Examples of Co-Development Project in a sentence
Neither Party obtains rights to the other Party’s Background IP under this Agreement except for the purpose of conducting the Co-Development Project.
It is understood that the Co-Development Project may result in new scientific knowledge that may be suitable for publication in peer-reviewed scientific journals and/or presented at scientific meetings (“Research Results”), so publication and/or presentation of the Research Results is of prime interest to ▇▇▇▇▇▇ and BWV.
Each Party accepts full responsibility for the safety and security of the portion of the Co-Development Project that it conducts, and assures that its portion of the Research Project will be conducted in accordance with all applicable laws, rules, regulations and policies.
Subject to any mandatory reporting requirements as described above, the Parties agree to keep CDA Technical Data and CDA Inventions confidential until patent applications claiming CDA Inventions have been filed or until publications and/or presentations concerning the Co-Development Project are made in accordance with Paragraph 10.
All research data and other recorded information, regardless of the form or method of recording, first produced in the conduct of the Co-Development Project, is referred to herein as “CDA Technical Data.” The Parties understand and agree that the CDA Technical Data is being obtained through in vitro experiments and exploratory in vivo research studies in mice.
Each Prospective Co-Development Project that is the subject of a Co- Development Commitment is referred to herein as a “Committed Project”.
However, the Parties understand and acknowledge that, due to the nature of the research process, the objectives of the Co-Development Project may not be achieved and thus will not be interpreted as any type of warranty or deliverable.
When the Co-Development Project is complete or upon expiration or early termination of this Agreement, whichever occurs sooner, any remaining Material received from ABVACC will be retained in BWV’s facility or handled in another manner as agreed by the Parties.
Whenever Evergreen declines or fails to provide a Co- Development Commitment within the Commitment Period with respect to a Prospective Co-Development Project, the applicable Prospective Co- Development Project shall no longer be subject to the Co-Development Right, and ▇▇▇▇▇ may pursue and consummate alternative financing and/or co-development arrangements with third parties with respect to such Prospective Co-Development Project.
The Parties agree to coordinate press releases or other public releases of information related to this Agreement prior to release except that, as necessary to comply with applicable laws, rules, and regulations, or any inquiry of any governmental entity, either Party may release the name of the other Party and a non-confidential general description of the Co-Development Project without prior written approval.