Exclusive Period definition
Examples of Exclusive Period in a sentence
Notwithstanding anything in the foregoing to the contrary and further provided that the Exclusive Period of the license granted pursuant to ARTICLE II remains in force, no settlement, consent judgment or other voluntarily final disposition of any such suit may be entered into without the consent of the Licensee, which consent will not be unreasonably withheld.
Schering shall use its reasonable efforts to diligently promote, market and sell the Product in each country within the Territory throughout the Exclusive Period.
ICN shall promptly identify to Schering and disclose to Schering, during the Exclusive Period, all additional Know-How, which could relate to making, developing, using or selling Product licensed hereunder, to which ICN or its Affiliates have or obtain rights, and such Know-How shall be automatically deemed to be within the scope of the licenses herein granted without payment of any additional compensation.
During the Exclusive Period, Schering shall have the sole authority to determine the price, payment terms, discounts, allowances and other terms of sale extended by Schering to third party purchasers of the Product in the Territory.
Upon the expiration of the Exclusive Period, (a) Schering shall be granted a worldwide, perpetual, fully-paid up, non-exclusive license in and to the Know-How to enable Schering to develop, make, have made, use, sell and distribute Product in the Territory, and (b) Schering shall grant ICN reference to any Regulatory Approvals and pricing or reimbursement approvals relating to the Product in the Territory.