Commercially Reasonable Endeavours means the efforts that a prudent Person would use in similar circumstances to ensure that its obligations are fulfilled expeditiously without incurring additional costs beyond what it would have had to incur in the usual circumstances.
Commercially Reasonable Endeavours means the effort a prudent and determined company of comparable size and sector to the Licensee would take to pursue the goal of developing and Marketing Licensed Products to maximize the financial return and the social impact from the exploitation of the Licensed Technology and fulfil the steps laid out in the Development Plan.
Commercially Reasonable Endeavours means the endeavours that a reasonable and prudent Person desirous of achieving a business result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible in the context of commercial relations of the type contemplated in this Agreement, provided, however, that an obligation to use Commercially Reasonable Endeavours does not require the Person subject to that obligation to assume any material obligations or pay any material amounts to a Third Party.
Examples of Commercially Reasonable Endeavours in a sentence
Govtech shall use all Commercially Reasonable Endeavours to provide the DPA service in accordance with the SLA set out at Schedule 2.
If Govtech does not provide the Services in accordance with the foregoing warranty, then without prejudice to any other rights the Customer may have, at its expense, Govtech will use Commercially Reasonable Endeavours to correct any such non-conformance promptly.
More Definitions of Commercially Reasonable Endeavours
Commercially Reasonable Endeavours means efforts that are comparable to those used by the pharmaceutical industry, and are financially reasonable in the relevant region or in the Territory for products that have a similar commercial potential and are at similar stages in the product life cycle measured by the facts and circumstances including present and future market potential, medical and clinical considerations, present and future regulatory environment and competitive market conditions.
Commercially Reasonable Endeavours means [***];
Commercially Reasonable Endeavours means, with respect to the endeavours (including financial spend) to be expended by a Party to achieve any objective, all reasonable, diligent commercial efforts to accomplish such objective that a person with operations of a similar scale and standing in the pharmaceutical industry would normally use when conducting an on-going business for its own benefit to accomplish a similar objective under similar circumstances;
Commercially Reasonable Endeavours mean, with respect to the performance of each of the obligations of each Party under this Agreement, efforts and resources commonly used in the research-based pharmaceutical industry for compounds or products with similar commercial and scientific potential at a similar stage in their lifecycle. Commercially Reasonable Endeavours after First Regulatory Approval Filing shall be determined on a market-by-market basis for Compound and each Licensed Product, as applicable, provided that it is understood that Commercially Reasonable Endeavours with respect to commercialisation require the Party responsible for commercialisation of Compound or Licensed Product under this Agreement to apply for Health Registration Approval and Exploit Compound or Licensed Product at least in the Major Markets, unless commercialisation in a specific Major Market is (in itself) commercially not viable and/or reduces the overall economic value of a Compound or Licensed Product. Commercially Reasonable Endeavours require that a Party, at a minimum, assign responsibility for such obligations to qualified employees, set annual goals and objectives for carrying out such obligations, and allocate resources designed to meet such goals and objectives.
Commercially Reasonable Endeavours means at the relevant time in question, and from time to time, during the term hereof, taking such reasonable steps and performing such conduct in good faith and such a manner as a well-managed for-profit company would undertake or perform implementing good industry practice where such company was acting in a determined, prudent and reasonable manner that will probably achieve the particular result for its own benefit; provided that this obligation shall not be construed to require a Party to: (i) undertake any conduct other than one which a prudent, determined and reasonable person, acting in his own interests and desiring to achieve that result, would take; (ii) undertake any litigation or appeal against a decision; (iii) breach any fiduciary duty or contravene any applicable law; (iv) undertake conduct that would be objectively unreasonable in all the circumstances then present; and (v) shall be limited to take into account the respective financial and/or commercial benefits contained in and risk herein undertaken;
Commercially Reasonable Endeavours means commercially reasonably endeavours in the conduct of each Party’s activities, as provided under the Agreement, in the research, development and commercialisation of the Licensed Product, such endeavours to be consistent with the endeavours and resources normally used by the respective Party in the exercise of its reasonable business discretion relating to a pharmaceutical product owned by it or to which it has exclusive rights, with similar product characteristics, which is of similar market potential at a similar stage in its development or product life, taking into account issues of scientific risk, patent coverage, safety and efficacy, product profile, the competitiveness of the marketplace, the proprietary position of the compound or product, the regulatory structure involved, the profitability of the applicable products (including pricing and reimbursement status likely to be achieved), and other relevant factors, including technical, legal, scientific and/or medical factors.
Commercially Reasonable Endeavours means the efforts that a prudent Person would use in similar circumstances to ensure that its obligations are fulfilled expeditiously withoutincurring additional costs beyond what it would have had to incur in the usual circumstances. “Confidential Information” shall mean: