Commercialization Efforts definition

Commercialization Efforts shall have correlative meanings thereto.
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Commercialization Efforts means efforts (a) to commercialize all Barbed Suture Products for the indications for which the requisite governmental approval, including FDA clearance, has been granted, (b) to develop and obtain the requisite governmental approval, including FDA clearance, of the orthopedic indication of a Barbed Suture Product for tendon repair and (c) to commercially exploit the Company’s existing Company Proprietary Rights.
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Commercialization Efforts has the meaning described in Section 8.1.
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Examples of Commercialization Efforts in a sentence

  • Such Commercialization Efforts shall include, without limitation, the WEG Group evaluating and pursuing target markets, identified at its sole discretion, taking into account the competitive landscape, pricing, necessary in-country resources and financing solutions and methods to best satisfy the needs of customers while maintaining the profitability goals from time to time established by the WEG Group for its commercialization of the 2.X Turbines.

  • Reasonable Commercialization Efforts - Because of the public interest that pervades JAYNSTEIN LLC research programs, any license entered into by JAYNSTEIN LLC will embody a clause permitting cancellations thereof if reasonable commercial use of the licensed invention or copyrighted material is not being made or diligently attempted by the licensee.

  • Further, with respect to the Company's obligations under Section 704 (Reasonable Diligence) and Section 505 (Reports by Company Regarding Commercialization Efforts), the Trustee shall make such inquiries and obtain such evidence as a prudent business person would do under the circumstances in order to monitor and verify the Company's proper performance of the Company's obligations pursuant to said Sections 704 and 505.

  • Licensee shall use Commercially Reasonable Efforts to Develop and Commercialize Licensed Products in the Field in the Territory in accordance with this Agreement (including Section 4.01 (Development in the Field in the Territory) and Section 6.04 (Commercialization Efforts)).

  • Development and Commercialization Efforts in the Licensed Territory OEP will use commercially reasonable and diligent efforts (that is, efforts consistent with the exercise of prudent scientific and business judgment, as applied to other pharmaceutical products of similar potential and market size) to exploit the Licensed Products commercially.

  • Reasonable Commercialization Efforts - Because of the public interest that pervades UNIVERSITY research programs, any license entered into by UNIVERSITY will embody a clause permitting cancellations thereof if reasonable commercial use of the licensed invention or copyrighted material is not being made or diligently attempted by the licensee.

  • Within 30 calendar days of the end of the second and fourth calendar quarters of each Earnout Year, Buyer shall deliver to the Stockholder Representative a report in reasonable detail setting forth for the preceding six calendar months, Product Revenues, Expenditures for Commercialization Efforts, Standard Income, Non-Standard Income and the status of FDA clearance for Barbed Suture Products in the field of tendon repair.

  • The foregoing is not intended to relieve the WEG Group of any liability or obligation that it may otherwise have under this Agreement nor limit the rights of NPS to pursue rights or remedies for any breach of contract other than, in each case, those relating to the WEG Group’s Commercialization Efforts.

  • Discovery shall use Diligent Commercialization Efforts to bring the Licensed Products to market and to market and sell the Licensed Products with a particular focus on obtaining Marketing Authorizations for and commercializing Supported Products in the Major Markets.

  • If the Supplier is unable to supply sufficient Product suitable for sale on or before the Launch Date, the Parties will discuss in good faith and agree upon reasonable adjustments to the Minimum Commercialization Efforts and the Minimum Purchase Commitments to take account of any such shortfall in supply.

Related to Commercialization Efforts

  • Commercialization or “Commercialize” means any and all activities undertaken at any time for a particular Licensed Product and that relate to the manufacturing, marketing, promoting, distributing, importing or exporting for sale, offering for sale, and selling of the Licensed Product, and interacting with Regulatory Authorities regarding the foregoing.

  • Development Activities means those Development activities undertaken by or on behalf of a Party or its Affiliates with respect to the Product in the Field.

  • Commercializing means to engage in Commercialization and “Commercialized” has a corresponding meaning.

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Commercialize or “Commercialization” means the marketing, promotion, sale (and offer for sale or contract to sell), distribution, importation or other commercial exploitation (including pricing and reimbursement activities) for a Product in the Territory. Commercialization shall include commercial activities conducted in preparation for Product launch.