Licensed Compound definition
Examples of Licensed Compound in a sentence
As of the Effective Date, and subject to all of the terms of this Agreement, Otsuka hereby grants to Biodexa, and Biodexa hereby accepts, a license under the Licensed IP to Exploit Licensed Products, including by Exploiting the Licensed Compound as part of, or as an intended part of, Licensed Products, for use in the Field in the Territory.
The Parties shall jointly own any Inventions that are made jointly by employees of each Party, or contractors of a Party (where such Party has ownership rights with respect to contractor Inventions), in the course of performing activities under this Agreement or relating to the Licensed Compound or Licensed Products, together with all intellectual property rights therein (“Joint Inventions”), although for clarity, no joint development activities are contemplated by this Agreement.
Each Party hereby grants to the other Party a right of reference to all Regulatory Materials filed by such Party for the Licensed Compound or Licensed Products (in the case of Biodexa), or Otsuka Products (in the case of Otsuka), solely for the purpose of seeking, obtaining and maintaining Regulatory Approvals for, and the Commercialization of Licensed Products (in the case of Biodexa), or Otsuka Products (in the case of Otsuka), in such other Party’s respective territory.
During the Term, Biodexa shall not, and shall cause its Affiliates and Sublicensees not to, solicit, induce, encourage, or participate in soliciting, inducing, or encouraging any employee of Otsuka or any of its Affiliates who has been or becomes involved in the Development of the Licensed Compound or the discussions leading to this Agreement to terminate his or her relationship with O▇▇▇▇▇ or O▇▇▇▇▇’s Affiliate for the purpose of Developing or Commercializing the Licensed Compound.
Except as expressly provided herein (including in the immediately preceding sentence), O▇▇▇▇▇ makes no representations or warranties concerning the safety or effectiveness of the Licensed Compound or Licensed Product and has no responsibilities in that regard.