Licensed Compound definition
Examples of Licensed Compound in a sentence
As between the Parties, Bambusa will be responsible for obtaining all rights and licenses to any Third Party cell banks, Third Party cell lines, and other Third Party materials used in the Exploitation of any Licensed Compound or Licensed Product, at its sole cost and expense, and Biotheus will have no obligation to transfer or otherwise provide any such cell banks, cell lines, or other materials to Bambusa under this Agreement, other than as set forth in Section 2.10.3 (Transfer of Materials).
Bambusa will not, and will cause its Affiliates, Sublicensees, and subcontractors not to, knowingly infringe, misappropriate, or otherwise violate the Know-How, Patents, or any other intellectual property rights of any Third Party in connection with performing its activities under this Agreement, including the Exploitation of any Licensed Compound or Licensed Product and the generation, conception, creation, invention, or other making of any Foreground IP.
During the Term, if ▇▇▇▇▇▇▇ identifies any Patent or Know-How owned or controlled by a Third Party in a particular country or other jurisdiction that it reasonably believes is necessary to Exploit a Licensed Compound or a Licensed Product in the Field in the Territory, then Bambusa will so notify Biotheus.