Examples of Mereo in a sentence
Subject to Section 4.4.5 below, XxxxxXxxx shall promptly notify Mereo in writing of the occurrence of the milestone triggers, set out in the following tables.
After expiration of the Term on a country-by-country basis, the rights and licenses granted by Mereo to ReproNovo under Section 2.1 to develop, manufacture and commercialize the Product in the Field throughout the Territory shall convert to an irrevocable, exclusive, royalty-free, fully paid-up, non-terminable right and license, with the right to grant sublicenses (through multiple tiers).
Notwithstanding the foregoing, ReproNovo shall have no obligations under this Section 8.1 with respect to any Losses for which Mereo is required to indemnify the ReproNovo Indemnitees under Section 8.2 or which are the result of any fraud or wilful misconduct of Mereo.
Within a reasonable time not to exceed sixty (60) days from the Effective Date, Mereo will furnish to ReproNovo any tangible materials Controlled by Mereo that relate to or embody the Product, including research grade samples of all Product discovered or developed by Mereo prior to the Effective Date, as set out in [***].
ReproNovo acknowledges and accepts that any Tangible Materials provided by Mereo under this Agreement are provided in their condition and form as at the Effective Date; Mereo gives no warranty or representation as to the suitability of such Tangible Materials for any given purpose.
Mereo shall provide, at ReproNovo's cost, reasonably required documents (to the extent in the possession or Control of Mereo) to ReproNovo for use in making Regulatory Submissions to Regulatory Authorities for the Product in the Field in the Territory and maintaining such Regulatory Approvals.
Subject to the terms and conditions hereunder, Mereo hereby grants ReproNovo an exclusive license (exclusive even as to Mereo and its Affiliates), sublicensable (with right of sublicense through multiple tiers), in and to the Mereo Intellectual Property solely for the development, manufacture, importation, promotion and commercialization of the Product, in the Field in the Territory (collectively, the “License”).
ReproNovo shall pay Mereo the applicable milestone payments set forth in this Section 4.2 (each, a “Milestone Payment”) within thirty (30) days following satisfaction of the conditions to payment set forth in this Section 4.2 by ReproNovo, its Affiliates or their Sublicensees.
In consideration for the exclusive rights granted by Xxxxx to ReproNovo under the Mereo Intellectual Property to develop, distribute, market and sell the Product in the Field in the Territory pursuant to Section 2.1, and in consideration of Xxxxx’s investment in the Mereo Intellectual Property and Tangible Materials, ReproNovo hereby agrees to pay Mereo a non-refundable, non-creditable payment of [***] within ten (10) days of the Effective Date.
ReproNovo shall provide Mereo with copies of any material regulatory submissions to, and material communications with, any Regulatory Authorities in the Territory to the extent relating to advertising and promotional materials for the Product in the Territory.