Developmental Product definition
Examples of Developmental Product in a sentence
Either Party may propose a Developmental Product through its Relationship Manager to the other Party’s Relationship Manager.
The Relationship Managers shall in good faith consider the advisability of establishing cooperation between the Parties with respect to the development and commercialization of such proposed Developmental Product.
Developmental Products (as determined by Seller in its sole discretion) are warranted by Seller for a period of thirty (30) days from the date of delivery Upon any failure of a Developmental Product to comply with the above warranty, Seller’s sole obligation, and Buyer’s sole remedy, is for Seller, at Seller’s sole option to replace the non-conforming Developmental Product or refund the purchase price paid by Buyer for the non-conforming Developmental Product in the form of a credit to ▇▇▇▇▇’s account.
Notwithstanding the foregoing, following FDA approval of the NDA for the Developmental Product and the transfer to Astra of the Transferred NDA, Astra and Salix shall cooperate to establish FDA approved labeling for the Product and to resolve relevant issues regarding the Transferred NDA, subject to Astra's right to final determination with respect to such issues.
It is understood that any monies [*] hereunder not paid by Astra on the date an approved NDA for the Developmental Product is granted by the FDA shall be remitted to Salix within 60 days after the date of such approval.