Licensed Compound definition
Examples of Licensed Compound in a sentence
Upon termination of this Agreement by either Party under Section 14.2 (Termination), then the following terms and conditions shall apply to each Licensed Compound and Licensed Product being terminated (“Terminated Compound” and “Terminated Product”, respectively).
All non-public information exchanged between the Parties or between a Party’s outside patent counsel and the other Party regarding the preparation, filing, prosecution, maintenance, defence and enforcement of the InnoCare Patent Rights, Zenas Patent Rights, Joint Patents, or otherwise related to any Licensed Compound or any Licensed Product, and all shared information regarding analyses or opinions of Third Party Patent Rights or Know-How, shall be deemed Confidential Information.
Until the Clinical Supply Agreement expires or terminates with respect to any Licensed Compound and Licensed Product, InnoCare, by itself or through an Affiliate or one or more Third Parties, shall Manufacture and supply to Zenas, in accordance with the Clinical Supply Agreement, such Licensed Compound and Licensed Product in quantities mutually agreed upon by the Parties for Zenas to Develop such Licensed Compounds and Licensed Products in the Licensed Field in accordance with this Agreement.
Each Party shall promptly notify the other Party in writing after becoming aware of any claim alleging that the Development, Manufacture, or Commercialization of any Licensed Compound or Licensed Product infringes, misappropriates, or otherwise violates any Patent Rights, Know-How, or other Intellectual Property Rights of any Third Party (“Infringement Claim”).