Common Products definition
Examples of Common Products in a sentence
Each party hereby grants to the other party a [ * ] license (with a right to sublicense solely to Affiliates and Territorial Commercialization Partners so long as they remain Affiliates or Territorial Commercialization Partners) under the granting party’s Background Intellectual Property to make Common Products in the granting party’s Respective Territory for sale in the other party’s Respective Territory.
Isis will have the exclusive right and license (including with regard to Celera), to grant sublicenses to make, import, use, sell, and offer for sale Common Products under the Joint Patents and the Collaboration Patents except the Celera Exclusive Collaboration Patents (subject to the provisions of Section 1.63 regarding Revenue Sharing).
For the avoidance of doubt, the reporting and data exchange obligations of SECTION 3.3(c) with respect to Common Products shall also apply to Sponsored Clinical Trials.
The parties shall establish procedures to ensure that the parties exchange on a timely basis all necessary information to enable each party to comply with all regulatory obligations applicable to its Common Products, including, but not limited to, filing updates or supplements with Regulatory Authorities, pharmacovigilance filings, manufacturing supplements and investigator notifications to Regulatory Authorities.
The parties shall exchange on a quarterly basis, by the last day of March, June, September and December of each calendar year, a written summary of their respective planned, ongoing and completed clinical studies and data for Common Products.
For clarification, Celera will not indemnify Isis, and Celera will not be liable to Isis for any use of Celera Gene Targets after Isis is notified to cease use of any Celera Gene Target, any use of Celera Gene Targets in any Isis database, any use of Celera Gene Targets outside the Research Plan, or any use of Celera Gene Targets in the development and/or commercialization of Common Products or Isis Products.
For the avoidance of doubt, the foregoing grant does not include the right to promote, market, offer to sell, import, export, distribute, sell and have sold Common Products in the granting party’s Respective Territory.
Each non-sponsoring party shall have the right to have a single representative attend all material and pre-arranged meetings, and telephone discussions between the representative(s) of the Sponsor and applicable Regulatory Authorities with respect to Common Products in territories in which they are Sponsors.
The parties shall exchange on a quarterly basis concurrent with the quarterly clinical reports in SECTION 3.3(c)(i), a written summary of their respective planned, ongoing and completed Non-Clinical studies for Common Products.