MVIS definition
Examples of MVIS in a sentence
The primary non-profit purpose of MVIS is: to act as National Medicines Verification Organization in Slovenia, to develop, test, implement, operate and maintain the National Medicines Verification System (SiMVS) in Slovenia, as well as to develop, test, implement, operate and maintain the link with the European HUB in compliance with the EMVS and all Blueprint requirements.
MVIS shall own all Intellectual Property invented, created, or developed solely by its employees and agents.
Ethicon will not settle any such litigation in a manner that admits to the invalidity of the Background MVIS Intellectual Property and Developed MVIS Intellectual Property or otherwise compromises the validity or enforceability of the Developed MVIS Intellectual Property without MVIS's prior written consent.
Ethicon shall not exploit the MVIS Intellectual Property in any way other than expressly licensed in this Agreement or in the Supply Addendum.
In the event that MVIS has already issued an invoice for the relevant calendar year for the Annual fee, MVIS will issue a credit note for the amount of the reduction of Annual fee, and the Company will return the issued credit note in one copy to MVIS, and MVIS will return the amount of the credit (without any interest on it) to the Company.
The Company, together with other MAHs, will pay to MVIS an annual flat fee (the “Annual fee”).
Ethicon may terminate this Agreement without cause upon ninety (90) days' prior written notice to MVIS.
In further consideration for the Grant Back Option, if MVIS exercises the Grant Back Option, MVIS shall pay to Ethicon on a quarterly basis in accordance with Article 7.1 an earned royalty of [ ]* on the Net Sales of Ethicon Patented Products in the Excluded Sub-Field.
MVIS and Ethicon recognize that changes or modifications to the Development Program may be required, that such changes or modifications may have a material impact upon projected costs and schedules, and each Party agrees to negotiate in a reasonable manner to reach agreement for any such changes or modifications.
Such audit shall be performed upon reasonable notice to MVIS during normal business hours at Ethicon's expense.