Respective Territory definition
Examples of Respective Territory in a sentence
Each Party shall involve the other Party in material regulatory matters related to the Licensed Products in its Field in its Respective Territory and coordinate all regulatory activities related to the Licensed Products in its Field in its Respective Territory with the other Party for the other Party’s Field and Respective Territory, including through the oversight of the JSC.
Each Party shall have sole discretion with respect to any matters relating to any Remedial Action in its Field and its Respective Territory, including the decision to commence such Remedial Action and the control over such Remedial Action; provided, that Zenas shall have sole discretion with respect to any matters relating to any Remedial Action in the InnoCare Territory to the extent related to any Global Trial.
Each Party shall notify the other immediately, and promptly confirm such notice in writing, if it obtains information indicating that any Licensed Product may be subject to any recall, corrective action or other regulatory action by any Regulatory Authority to the extent it would reasonably be expected to affect the other Party’s Field and Respective Territory (a “Remedial Action”).
The Party receiving such notice will have the sole decision-making authority with respect to the content of any responses to Regulatory Authorities concerning such notice in its Field and Respective Territory but will consider the other Party’s reasonable comments on such responses in good faith.
Each Party shall have the sole right to select, register, own, and maintain trademarks in connection with the Commercialization of each Licensed Product in its Field in its Respective Territory.