Exploitation Agreement definition
Examples of Exploitation Agreement in a sentence
Effective as of the date first written above the Agency Exploitation Agreement is hereby terminated, and is null and void and of no further force or effect.
The parties entered into a Commercial Exploitation Agreement dated August 15, 2008, as amended (the “Agreement”).
For further clarity, nothing in this Agreement prohibits MonoSol, upon termination of the Commercial Exploitation Agreement, from manufacturing any product in the Field, as defined in the Commercial Exploitation Agreement, for anyone anywhere in the world, nor does anything in this Agreement prevent Indivior from contesting MonoSol’s entitlement to engage in such manufacturing.
MonoSol, in the Commercial Exploitation Agreement, has granted certain exclusive rights to Indivior Inc.
For clarity, this foregoing Article 3.1 does not alter or affect the supply and/or manufacturing arrangements between Indivior and MonoSol, as provided for under the Commercial Exploitation Agreement, with respect to the Approved Suboxone Product, and this foregoing Article 3.1 does not change the rights and obligations of Indivior and MonoSol under the Commercial Exploitation Agreement with respect to MonoSol’s supply and/or manufacturing of the Approved Suboxone Product.
If Indivior terminates this Agreement, and Indivior seeks to engage another party to manufacture the Approved Suboxone Product, nothing in this Agreement prevents MonoSol from seeking to enforce its intellectual property rights in suing either Indivior or that third party manufacturer, or both, consistent with the Commercial Exploitation Agreement, nor does anything in this Agreement prevent Indivior from contesting any such suit brought by MonoSol.
This Memorandum of Understanding becomes effective upon signing and will be subject to renewal on or about January 31, 2011.
Any notice or other communication to be given under this Agreement shall be given in the same manner identified in Article 2.1 of the Commercial Exploitation Agreement.
The Parties shall have the right to review a substantially final draft of any Exploitation Agreement or amendment thereto, prior to execution, for review and approval before signature for its compliance with Party’s statutes, regulations, by-laws, activities and/or missions of public establishment.
Managing Party agrees to communicate any objections, remark or proposal to the contracting third party under consideration in order to have them inserted in the final version of the Exploitation Agreement provided however that such comment, remark or proposal communicated to Managing Party is (i) justified, (ii) within the prescribed time period and (iii) related to substantial elements of the Exploitation Agreement.