Commercialisation Partner definition

Commercialisation Partner means any firm, corporation, partnership, limited liability company, business trust, joint venture, or other form of business organization which has entered into a Commercialisation Agreement with MPP under the terms and conditions outlined in Schedule 4 to this Agreement. DocuSign Envelope ID: 83B7DCAB-312B-4D95-8E50-48FA96027159
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Commercialisation Partner means any firm, corporation, partnership, limited liability company, business trust, joint venture or other form of business organization which has been granted rights to make, use, offer for sale, sell, export, import or distribute a Health Product by the Recipient.
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Examples of Commercialisation Partner in a sentence

  • The Development Partner will be eligible to become a Commercialisation Partner by executing a separate Commercialisation Agreement in accordance with Schedule 4.

  • The Commercialisation Partner will acknowledge and agree that the Licensed Technology is licensed to Commercialisation Partner “as is”.

  • The result of the audit will be binding, and in the event that the audit reveals a failure to comply with the Price Commitment, the Commercialisation Partner will implement any adjustment to the Affordable Price deemed required by MPP or UW as a result of the audit.

  • If any audit reveals a discrepancy of more than 5% to the detriment of UW and/or MPP, Commercialisation Partner will reimburse MPP or UW for the cost of that audit.

  • MPP shall have the right to either terminate the Commercialisation Agreement, or to require the Commercialisation Partner to novate the Commercialisation Agreement to MedinCell (i.e. by entering into a Novation Agreement with MPP and MedinCell), in the event that the MPP-MedinCell Agreement is terminated.

  • Commercialisation Partner will grant to MPP and UW a perpetual, irrevocable, worldwide, royalty-free, non-exclusive, sub-licensable licence over any Improvement (and shall promptly execute such document as UW may reasonably request accordingly).

  • If the Parties fail to reach an agreement in accordance with 5.2 a) above within 6 months following the option grant to discuss an assignment, then the Commercialisation Partner grants to Medincell a non- exclusive, worldwide, royalty-free, sub-licensable license over any Non-Severable Improvement for any use in the Field, irrespective of expiration or termination of this Agreement.

  • Throughout the term of the Commercialisation Agreement, or during such period as MedinCell agrees in writing, Commercialisation Partner will maintain in full force and effect commercial general liability (CGL) insurance and product liability insurance, with single claim limits consistent with industry standards.

  • Commercialisation Partner will make commercially reasonable efforts to manufacture Licensed Products at the lowest possible cost and will pass on any significant reduction in the production and distribution costs of the Licensed Products to the benefit of the sale price offered to both the Public Sector and the Private Sector.

  • Commercialisation Partner agrees, where applicable and to the extent that it is able: (a) to not seek; and (b) to waive, regulatory exclusivity in the Territory in relation to any data relating to the Licensed Products.