Licensed Field definition
Examples of Licensed Field in a sentence
The InnoCare IP hereunder includes all of the Intellectual Property Rights owned or in-licensed by InnoCare or its Affiliates that are necessary or useful, for the Development, Manufacture and Commercialization or other Exploitation of the Licensed Compounds or Licensed Products in the Licensed Field in the Zenas Territory.
Zenas shall use Commercially Reasonable Efforts to Commercialize: (a) at least [***] for [***] Orelabrutinib Products, (b) at least [***] for [***] IL-17 Products, and (c) at least [***] for [***] TYK2 Product, in each case ((a), (b) and (c)), in the Licensed Field and [***]; provided, that Zenas has obtained the Regulatory Approvals to Commercialize such Licensed Product for such Indication in such country.
Upon expiry of the Royalty Term in respect of a country and a Licensed Product in the Zenas Territory, all licenses granted to Zenas hereunder in respect of such Licensed Product and such country shall become perpetual, irrevocable, and fully paid in the Licensed Field.
Each Party shall have the right to review and provide comments on material regulatory materials related to the Licensed Products in the Licensed Field in the other Party’s Respective Territory unless prohibited by Applicable Law; provided, that if the reviewing Party does not respond within [***] after receipt of such regulatory materials, the providing Party may proceed with the filing or submission of the regulatory materials.
At Zenas’s request and subject to Section 3.4 (Support and Assistance by InnoCare), InnoCare shall provide reasonable assistance and cooperation to Zenas to support Zenas’s regulatory activities with respect to the Licensed Products in the Licensed Field.