Global Development Plan definition
Examples of Global Development Plan in a sentence
Licensee shall be responsible for, and shall use Commercially Reasonable Efforts to conduct all Development activities allocated to Licensee under the Global Development Plan and the Territory-Specific Development Plan.
Either Party (the “Initiating Party”) may propose to conduct Development activities relating to the Licensed Compound or Licensed Products that are not included in the then-current Global Development Plan or Territory-Specific Development Plan (“Additional Development Activities”) within or outside the Territory.
Such initial plan has been mutually agreed to by the Parties, is attached to this Agreement as Schedule 4.2(a) (Global Development Plan) (such plan, as may be updated or amended as provided herein, a “Global Development Plan”).
IDEAYA shall be responsible for, and shall use Commercially Reasonable Efforts to conduct, all Development activities allocated to IDEAYA under the Global Development Plan (including, for clarity, acting as sponsor of all Global Studies).
The Parties further agree to collaborate on the continued Development activities in the Field, in accordance with the Global Development Plan, in furtherance or in addition to the Existing Clinical Studies, which are expected to support Regulatory Filings both within and outside the Territory.