Development Report definition
Examples of Development Report in a sentence
Beginning in June 2014 and until the Date of First Commercial Sale, Licensee shall provide ▇▇▇▇ with a semi-annual written Development Report summarizing Licensee's (and those of its sublicensee(s)') development activities since the last Development Report, and any necessary adjustments to the Development Plan, on the form shown in Appendix D of this Agreement.
Licensee agrees to provide each Development Report to ▇▇▇▇ on or before [***] from the end of each semi-annual period ending June 30 and December 31 for which a report is due, and shall set forth in each Development Report sufficient detail to enable ▇▇▇▇ to ascertain Licensee's progress toward the requirements of the Development Plan.
Licensee acknowledges that any failure by Licensee to make commercially reasonable efforts to develop, manufacture, market and sell Products, or to make timely submission to WARF of any Development Report, or the providing of any false information to ▇▇▇▇ regarding Licensee's development activities hereunder, shall be a material breach of the terms of this Agreement, subject to the right to cure under Section 7.