Future Opportunity definition
Examples of Future Opportunity in a sentence
The terms and conditions of ▇▇▇▇▇▇'▇ appointment to distribute any such Future Opportunity shall be negotiated by Newco and Baxter, bargaining in good faith, and documented in a written agreement, signed by authorized representatives of both parties.
After Nexell notifies Baxter of a Future Opportunity, Baxter will have sixty (60) days to respond to Nexell and to negotiate the material terms and conditions of a license, with the right to grant sublicenses, to make, have made, market, sell, distribute, import and use such Future Opportunity prior to Nexell discussing the Future Opportunity with any and all third parties.
After Newco notifies Baxter of a Future Opportunity, Baxter will have sixty (60) days to respond to Newco and to negotiate the material terms and conditions of an appointment to market, sell and distribute such Future Opportunity prior to Newco discussing the Future Opportunity with any and all third entities.
Seller specifically agrees (i) not to direct, directly or indirectly, any Future Opportunity, in any way, to Pandora or any third party; (ii) not to solicit, directly or indirectly, any Future Opportunity for the benefit of Pandora or any third party; and (iii) not to, directly or indirectly, undertake any actions that would result in Pandora or any third party receiving any benefit from any Future Opportunity.
Baxter shall have a right of first offer with respect to acquiring marketing, sales and distribution rights for other products developed or acquired by Newco using the Isolex(R) and Maxsep(R) Technology in the Product Field ("Future Opportunity").
The terms and conditions of such license with regard to any such Future Opportunity shall be negotiated by Nexell and Baxter, bargaining in good faith, and documented in a written agreement, signed by authorized representatives of both parties.