Examples of Licensed Compound in a sentence
Subject to the terms and conditions of this Agreement, as between the Parties, ORIC will have the sole right and responsibility, at its own expense, for managing and conducting all activities relating to the Development of the Licensed Compound and Licensed Product, including for the purpose of obtaining Regulatory Approval in the Field and in the Territory.
Each Party will promptly notify the other Party if a Third Party brings any Action against either of them alleging patent infringement by ORIC or Mirati or any of their respective Affiliates or Sublicensees with respect to the Development, Manufacture or Commercialization of any Licensed Compound or Licensed Product (any such Action, an “Infringement Claim”) in the Territory and the Parties shall promptly confer to consider the claim or assertion and the appropriate course of action.
ORIC will and hereby does, effective as of the effective date of termination, assign to Mirati all of ORIC’s rights, title and interests in and to all ORIC Patents in existence as of such date and containing claims that recite as a claim element a Licensed Compound by chemical structure, generically or specifically, or by chemical name (including any claimed polymorph or salt of a Licensed Compound).
Upon Mirati’s request, ORIC agrees to [***] with Mirati with respect to the assignment and transfer to Mirati of ORIC’s right, title and interest in and to any agreements between ORIC or any of its Affiliates and Third Parties that relate solely to the Development, Manufacture or Commercialization of any Licensed Compound or Licensed Product (including any Third Party licenses or sublicenses).
Mirati has conducted, and to Mirati’s [***], its contractors and consultants have conducted, all its Development activities relating to the Licensed Compound or Licensed Product(s) in accordance with applicable Laws.