Product Exclusivity definition
Examples of Product Exclusivity in a sentence
During the Developed Product Exclusivity Period for a Developed Product, and subject to Section 10.4, SPWR shall have the exclusive right to sell and offer to sell, and MSSG shall have the exclusive right to supply to SPWR, within the Collaboration Market Segment, such Developed Product.
The JSC shall then amend the then-current Commercialization Plan and Budget to reflect such decision, and the Parties shall negotiate in good faith any required amendments to this Agreement, provided that (a) the Net Profits from the sales of such VP Product Exclusivity Unit shall continue to be divided as set forth in Section 8.4, and (b) the Development Expenses and Commercialization Expenses shall continue to be divided as set forth in this Agreement.
Neither Party shall be obligated to commercialize such VP Product Exclusivity Unit itself, to the extent such Party does not have OTC commercialization abilities; and the JSC shall agree on any Third Party that shall perform the commercialization activities for such VP Product Exclusivity Unit on behalf of either or both Parties.
If at any time after expiration of the Developed Product Exclusivity Period for a Developed Product, but during the Agreement Term (“ROFO/ROFR Term”), MSSG desires to negotiate, execute, agree to or otherwise become bound by one or more contractual or other obligations to supply Developed Products manufactured by MSSG to a third party for sale in the Collaboration Market Segment, MSSG shall first offer to enter into such supply agreement with SPWR.
Specifically, for a Commercialization Project for a Developed Product, this Section 10.3 shall only be effective during the Developed Product Exclusivity Period for such Developed Product and shall not extend or otherwise renew notwithstanding the Commercialization Project, except as may be otherwise set forth in the Development Plan for the Commercialization Project.
For a period of one (1) year following the expiration of the Developed Product Exclusivity Period for a Developed Product, neither MSSG nor SPWR shall, within the Collaboration Market Segment, enter into an exclusive supply relationship with a third party for such Developed Product.
Catalytica shall not market, distribute, make or sell the Product or any product containing the Active Ingredient, directly or indirectly anywhere in the Territory, except to ORPHAN, during the term of this Agreement, or within the period of Orphan Product Exclusivity, whichever is longer.
In the event Merck elects to so terminate early the Collaboration Program pursuant to Section 8.2, and where the effective date of such termination by Merck is within [ * ] following the public announcement date of such [ * ] transaction, Merck shall be required only to pay FHT [ * ] of the amounts set out in Sections 5.7.1 and 5.9 if it Triggers the Product Exclusivity License or the Test Exclusivity License.
If Merck does not Trigger the Product Exclusivity License in accordance with Section 3.1.3(c)(ii), then, effective as of the first day after the expiration of the Option Period, Merck grants to FHT a non-exclusive, royalty-free, sublicensable license in the Territory under Merck Collaboration Program Patents, and to use Merck Collaboration Program Inventions and Results, for all purposes outside the Test Field.
In addition, provided that Merck has not Triggered the Product Exclusivity License prior to terminating the Collaboration Program, Merck shall pay to FHT the appropriate payment specified in Section 5.4.2 (a) or (b) no later than 15 days after the expiration of the Option Period.