Specific binding definition
Specific binding as used in this Section, means an interaction between two (2) molecules that: (x) becomes saturated as the concentration of one (1) of the molecules is increased with respect to the other; and (y) can be competed with the other molecule or an excess of the same molecule unlabeled. In the event (i) RECAF is known as another molecule known in the public domain, and (ii) Inverness does not have a product for sale or a technology already licensed to others based on said molecule as of the Effective Date, and (iii) Inverness decides to develop and commercialize a product or a technology based on said molecule specifically pertaining to the Field, then such product or technology shall be deemed a Product subject to the terms and conditions of this Agreement.
Specific binding as used in this Section 1.16, means an interaction between two (2) molecules that: (x) becomes saturated as the concentration of one (1) of the molecules is increased with respect to the other; and (y) can be competed with the other molecule or an excess of the same molecule unlabeled. In the event (i) RECAF specifically binds to another molecule known in the public domain, (ii) Abbott does not have a product for sale or a technology already licensed to others based on said molecule as of the Effective Date, and (iii) Abbott decides to develop and commercialize a product or a technology based on said molecule specifically pertaining to the field of cancer diagnostics, then such product or technology shall be deemed a Product subject to the terms and conditions of this Agreement.