Examples of Ovid Territory in a sentence
If, during the Term, Takeda elects to transition Manufacturing of API to a Third Party contract manufacturer, then Takeda shall notify Ovid of such intent through the JMC and, should Ovid request to Take the Lead with respect thereto, Takeda shall consider in good faith allowing Ovid to Take the Lead with respect to Manufacturing of such API for the purposes of Development and Commercialization in the Ovid Territory.
During the Term, Licensee shall not, directly or indirectly (including through an Affiliate or a Third Party), Commercialize the Product in the Ovid Territory.
Yath, 767 N.W.2d at 47 (“Just because an employee’s ultimate actions may be motivated by personal gratification and prohibited by the employer does not mean that those actions fall outside the scope of employment as a matter of law.” (quoting Fahrendorff, 597 N.W.2d at 911)).
During the Term, Takeda shall have the initial right and obligation to Take the Lead with respect to Manufacturing of API for use in the creation of Drug Product for the Development and Commercialization of the Product in the Territory under the oversight of the JMC and, with respect to Commercialization in the Ovid Territory, pursuant to the Commercial Supply Agreement.
Ovid shall have the first right, but not the obligation, to bring such action in the Ovid Territory.
As of the Effective Date, each of Takeda and Ovid shall have the sole right and responsibility for handling all sales and commercial distribution activities, including returns, order processing, invoicing and collection, distribution, and inventory and receivables for the Products in the Takeda Territory and Ovid Territory, respectively.
Ovid, in the Ovid Territory, and Takeda, in the Takeda Territory, shall have the sole right and responsibility to make the final determination whether to voluntarily implement any such recall, market suspension, or market withdrawal in such jurisdiction; provided that prior to any implementation of such a recall, market suspension, or market withdrawal, the responsible Party shall, to the extent practical, consult with the other Party and shall consider the other Party’s comments in good faith.
For the avoidance of doubt, in no event shall Licensee submit any Regulatory Filing for the Product in the Ovid Territory.
Except as provided in this Agreement, Ovid shall not, and shall cause its Affiliates and sublicensees not to, whether directly or indirectly through a Third Party, export, distribute or sell a Product outside the Ovid Territory.
Ovid shall have the right to use Data resulting from the Licensee Territory Development Activities as necessary for Ovid or its Affiliates or licensees (other than Licensee) to comply with its regulatory reporting and compliance obligations, including safety reporting obligations, and to support its own Development, Regulatory Approval, or Commercialization of the Product in the Ovid Territory.