TRDF definition
Examples of TRDF in a sentence
Notwithstanding the aforesaid, the Company may, by written notice to TRDF and the Investigator, assign its rights, duties and obligations hereunder to any affiliate of the Company, provided however, that the Options granted hereunder may not be assigned or exchanged into securities of any Company affiliate, without the prior written consent of TRDF and the Investigator, which consent will not be unreasonably withheld.
TRDF and Investigator will use their best efforts to conduct the Research pursuant to its terms, including, without limitation, to meet the research and development milestones set forth in the Protocol, at the time indicated therein.
In addition, at all times TRDF and the Investigator shall comply with any applicable laws, the provisions of the Protocol and the Company’s written instructions (so long as the Investigator and TRDF approves them), as provided from time to time in connection with the Research.
Upon the completion of the Research, as indicated specifically in Exhibit B part of this Equipment will be formally transferred to TRDF’s ownership and TRDF shall become the lawful owner of such equipment.
TRDF shall also return to the Company all materials and Confidential Information provided by the Company in connection with this Agreement.
Such request shall not be unreasonably withheld and shall require the Company or TRDF and the Investigator advance approval which shall be evidenced with written document signed by the parties.
TRDF shall be responsible that such Equipment is used and maintained by it with the highest degree of care and shall be liable for any damage to such equipment, except for customary wear and tear.
The Options shall be divided equally between TRDF and the Investigator.
Each payment due to TRDF under this Agreement shall be paid by check or wire transfer of funds to TRDF’s account in accordance with written instructions provided by TRDF.
The Company, TRDF and the Investigator have executed a Research and Development Agreement to which this Agreement is attached as Exhibit 7 (the “R&D Agreement”) for the conduct of the research detialed therein, and in connection with the same each party hereto has been, and/or will be, provided with, and/or has access to certain confidential information of the other party.