Commercialised definition
Examples of Commercialised in a sentence
Without limiting the generality of the foregoing, the Parties acknowledge that the Candidate is experimental and at a very early stage of development and as such there is no guarantee the Development of the Candidate will result in asset that can be Commercialised.
Capital shall have no liability to Conduit, in contract, tort or otherwise, in the event the Development of the Candidate does not result in asset that can be Commercialised.
Each Party shall maintain during any period in which any Product is Commercialised under this Agreement, a commercial general liability (including product liability) insurance with a combined single limit for bodily injury and property damage of not less than ten million EURO (€10 million).
This Agreement shall become effective on the Effective Date and shall remain in full force and effect, unless earlier terminated pursuant to Article 3.4 or this Article 14, for such time as the Antibody Products are being Researched, Developed or Commercialised by the Parties.
The Organisation agrees: to offer to the Commonwealth, or to procure for the Commonwealth an offer, to purchase or acquire any Commercialised Products at the earliest possible time; and to make, or to procure that such offer is made, to the Commonwealth first before any other offers are made to any other party and, when received by the Commonwealth, that offer is irrevocable and cannot be withdrawn until 60 days have lapsed following the date on which the Commonwealth first received that offer.
Organisation Commitments Objective The Organisation acknowledges that the Commonwealth: has contributed to funding of the Relevant Intellectual Property; and has strategic priorities and functions to ensure better health outcomes for all Australians, and in this context the objective of this deed poll is to provide a right of first offer for the Commonwealth to purchase or acquire any resulting Commercialised Products, excluding the purchase of the Relevant Intellectual Property (Objective).
Subject to the terms and conditions of this Agreement, Lundbeck hereby grants to Ovid an exclusive (even as to Lundbeck), royalty-bearing, perpetual, sub-licensable (through multiple tiers) licence under the Licensed IP to research, have researched, Develop, have Developed, use, have used, make and have made (subject to Section 5.10), Commercialise and have Commercialised Compound and/or Product in the Field in the Territory (the “License”).
When making or procuring an offer under clause 2.2(a) of this deed poll, the Organisation must make or procure such offer on commercial terms not more onerous or less favourable than terms to be offered to any other party in relation to the purchase or acquisition of the Commercialised Products, including in relation to: product specifications and product support arrangements; product volume and supply; manufacturer’s warranties; timing and delivery schedule; and price.
The Parties agree that during the time in which Vernalis is co-promoting the Product in the USA, the Specialty Sales Personnel shall have the right to detail other products in addition to the Product provided that such other products are not (x) for the treatment of migraine or post herpetic neuralgia or (y) in direct competition in the USA with products in other therapeutic areas that are being Commercialised by Endo or are in Phase III Clinical Trial or have completed clinical proof of principle by Endo.
If an Owning Party considers on reasonable grounds that any Project Outputs may be Commercialised, it must notify the other Owning Party (if any) in writing accordingly, identifying the relevant Project Outputs.