RD definition
Examples of RD in a sentence
LICENSEE hereby grants a non-exclusive right to LICENSOR to use LICENSEE Inventions for the limited purpose of performing R&D Work.
LICENSEE shall reimburse LICENSOR in full for R&D Costs pursuant to an invoice within 30 days (including holidays) of LICENSEE’s receipt of such invoice.
LICENSEE shall utilize R&D Work to seek Market Approval to commercialize Licensed Product within the Licensed Field.
Should the Requesting Party, based on reasonable grounds, deem any of the other Party’s R&D Personnel unfit, the other Party shall cooperate to identify a replacement for such objected to R&D Personnel.
Upon a Party’s request (“Requesting Party”), the other Party shall promptly provide to the Requesting Party the academic and professional credentials, qualifications, and background of any R&D Personnel contracted by the other Party to perform R&D Work.