Ethicor definition
Examples of Ethicor in a sentence
In the event RXi is providing Product supply to Ethicor, RXi will provide Ethicor with full insight into manufacturing, quality and financial aspects of producing and supplying Product(s), and will provide Ethicor, upon request, with copies of all release documentation relating to the Products.
Ethicor will provide RXi with full insight into manufacturing, quality and financial aspects of the relationship between Ethicor and each Assembly Contractor with regard to the supply of Product(s).
RXi hereby grants to Ethicor an exclusive (even as to RXi), transferable (to the extent provided in clause 21) license during the Term, under the RXi Intellectual Property, to formulate, make, have made, use, Market and otherwise commercialize and exploit the Products for use in the Territory in the Field applicable to each Product (the ‘License’).
Ethicor wishes to distribute the Products (as defined below) in the Territory (as defined below) as Unlicensed Medicines, in accordance with applicable laws regarding the distribution of such Products, and RXi wishes to provide such Products to Ethicor, all subject to and in accordance with the terms and conditions of this Agreement.
Ownership of the RXi Intellectual Property shall reside with RXi and Ethicor shall have no claim to ownership or any part thereof in any way.
Ethicor and its Sub-Distributors are wholly responsible for setting the prices and other terms of sale at which the Products are sold in the Territory, at their sole discretion.
RXi will provide Ethicor with the necessary Product Data existing as of the Commencement Date promptly after the Commencement Date, and will provide Ethicor with Product Data generated or obtained after the Commencement Date promptly after such Product Data is generated or obtained.
Ethicor or its Sub-Distributors will be the sole reporting entity to the Relevant Regulatory Authorities with respect to the Products distributed by Ethicor and its Sub-Distributors.
Ethicor may terminate this Agreement on a country-by-country basis within the Territory if the continued sale and marketing of a Product(s) is commercially unreasonable by providing RXi with [***] months’ notice.
Nothing in this Agreement shall constitute or shall be deemed to constitute a partnership between the Parties hereto or constitute or be deemed to constitute Ethicor as agent of the Licensor for any purpose whatsoever and Ethicor shall have no authority or power to bind the Licensor or to contract in the name of or create a liability against the Licensor in any way or for any purpose.