Internal Development definition

Internal Development shall have the meaning as defined in Section 5.4
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Internal Development or “Internally Develop” by an entity means development by one or more employees of the entity within the scope of his or her employment, wherein each employee has a written employment agreement with the entity under which the employee assigns all right, title and interest in all Intellectual Property Rights in such development to the entity, and under which any Intellectual Property Rights created during such development are owned by the entity, and under which the employee has an obligation not to disclose confidential information either of the entity or of third parties in the possession of the entity that have been disclosed to the employee. “Internal Development” or “Internally Develop” by an entity also means development by one or more independent contractors within the scope of a written contract between the independent contractor and the entity under which the independent contractor assigns all right, title, and interest in all Intellectual Property Rights in such development to the entity, and under which any Intellectual Property Rights created during such development are owned by the entity, and under which the independent contractor has an obligation not to disclose confidential information either of the entity or of third parties in the possession of the entity that have been disclosed to the independent contractor.
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Examples of Internal Development in a sentence

  • The Price is exclusive of any External Development Charges (EDC)/ Internal Development Charges (IDC), Maintenance Charges,.

  • Study Sponsor representatives may be contacted for any protocol related question and their contact information is provided in the MOP that accompanies this protocol.

  • Ardelyx’s Internal Development Expenses shall be determined on an FTE basis in accordance with this Section 4.3. Ardelyx shall submit invoices to AstraZeneca at the beginning of each Calendar Quarter, which invoices shall detail the Development Expenses incurred by Ardelyx during the previous Calendar Quarter, including all FTE charges and all External Development Expenses in connection with performing activities under the Development Plan and within the Development Budget.

  • In consideration of the rights granted to Felicitex hereunder, Felicitex shall make the following payments to Selvita in accordance with the terms and conditions of this Article 7, whereas the payment obligations outlined in Section 7.2 apply if and as long as Felicitex undertakes Internal Development and the payment obligations outlined in Section 7.3 apply if Felicitex undertakes External Development.

  • Each Party will be responsible for their own Internal Development Expenses with respect to development of the Product in any calendar year in which Net Profit is not achieved.

  • Targets will be excluded if prior to Genentech's selection, Magainin has removed such Target from the Gene Database because Magainin either licensed rights to the Target (that Genentech wants to select) to a Third Party, or Magainin has already initiated and is diligently pursuing, at its own expense, an active research program regarding such Target ("Internal Development Effort").

  • If and to the extent that Felicitex undertakes the Development and Commercialization by way of Internal Development, Felicitex shall make the following milestone and royalty payments to Selvita.

  • In any calendar year in which Net Profit is achieved, the Parties’ Internal Development Expenses will be included as Program Costs.

  • Once the Parties have each been fully reimbursed for the Fully Absorbed Cost of Goods, External Sales & Marketing Expenses, Internal Sales & Marketing Expenses and External Development Expenses, Net Revenue next will be allocated between the parties to compensate them for Internal Development Expenses incurred by the Parties in such calendar year.

  • Only in case of prior Internal Development by Felicitex, under the assumption and condition that Felicitex undertakes investments into the Research and Development of Optioned Compounds and Products from its own or any of its Affiliates’ own resources, the applicable Initial Value Share, Decreased Value Share or Adjusted Value Share of Selvita for the Participation Income shall be reduced as described in Exhibit G (“Diluted Value Share“) according the calculation scheme attached as Exhibit G.

Related to Internal Development

  • Professional development means training programs for

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.