Common use of Development and Commercialization Clause in Contracts

Development and Commercialization. 5.1. The Company undertakes, at its own expense, to use its best efforts to carry out the development, regulatory, manufacturing and marketing work necessary to develop and commercialize Products in accordance with a written plan and timetable for the development and the commercialization of Products a copy of which is attached to this Agreement as Appendix C. The Development Plan may be modified from time to time by the Company as reasonably required in order to achieve the commercialization goals set forth above, upon Yissum’s approval, which shall not be unreasonably denied, conditioned or delayed. All terms and conditions of the License and this Agreement shall apply to the modified Development Plan and subsequent Development Results.

Appears in 2 contracts

Samples: Research and License Agreement (Immune Pharmaceuticals Inc), Research and License Agreement (Immune Pharmaceuticals Inc)

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Development and Commercialization. 5.1. The Company undertakes, at its own expense, to use its best commercially reasonable efforts to carry out the development, regulatory, manufacturing and marketing work necessary to develop and commercialize Products in accordance with a written plan and timetable for the development and the commercialization of Products a copy of which is attached to this Agreement as Appendix C. The Development Plan may be modified from time to time by the Company as reasonably required in order to achieve the commercialization goals set forth above, upon Yissum’s BNS’ approval, which shall not be unreasonably denied, conditioned or delayed. All terms and conditions of the License and this Agreement shall apply to the modified Development Plan and subsequent Development Results.

Appears in 1 contract

Samples: Research and License Agreement (Immune Pharmaceuticals Inc)

Development and Commercialization. 5.1. The Company undertakes, at its own expense, to use its best efforts to carry out the development, regulatory, manufacturing and marketing work necessary to develop and commercialize Products in accordance with a written plan and timetable for the development and the commercialization of Products Development Plan approved by Yissum, a copy of which is attached to this Agreement as Appendix C. B. The Development Plan may be modified from time to time by the Company as reasonably required in order to achieve the commercialization goals set forth above, upon Yissum’s prior written approval, which shall not be unreasonably denied, conditioned or delayedbut without derogating from the dates of the achievement of the Milestones set forth in this Section 5. All terms and conditions of the License and this Agreement shall apply to the modified Development Plan and subsequent Development Results.. Notwithstanding anything to the contrary contained herein, the Company undertakes to meet all of the following milestones (the “Development Milestones”) attached as Appendix B.

Appears in 1 contract

Samples: License Agreement (Cannapowder, Inc.)

Development and Commercialization. 5.1. The Company undertakes, at its own expense, to use its best commercially reasonable efforts to carry out the development, regulatory, manufacturing and marketing work necessary to develop and commercialize Products in accordance with a written plan the Development Plan prepared by the Company and timetable for the development and the commercialization of Products approved by Yissum, a copy of which is shall be attached to this Agreement as Appendix C. B within three (3) months of the date of execution of this Agreement. The Development Plan may be modified from time to time by the Company as reasonably required in order to achieve the commercialization goals set forth above, upon Yissum’s prior written approval, which shall not be unreasonably denied, conditioned or delayed. All terms and conditions of the License and this Agreement shall apply to the modified Development Plan and subsequent Development Results.

Appears in 1 contract

Samples: License Agreement (Kitov Pharmaceuticals Holdings Ltd.)

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Development and Commercialization. 5.1. 5.1 The Company undertakes, at its own expense, to use its best efforts to carry out the development, regulatory, manufacturing and marketing work necessary to develop and commercialize Products in accordance with a written plan and timetable for the development and the commercialization of Products Development Plan approved by Yissum, a copy of which is attached to this Agreement as Appendix C. B-2. The Development Plan may be modified from time to time by the Company as reasonably required in order to achieve the commercialization goals set forth above, upon Yissum’s prior written approval, which shall not be unreasonably denied, conditioned or delayedbut without derogating from the dates of the achievement of the Milestones set forth in this Section 5. All terms and conditions of the License and this Agreement shall apply to the modified Development Plan and subsequent Development Results. Notwithstanding anything to the contrary contained herein, the Company undertakes to meet all of the following milestones (the “Development Milestones”) attached as Appendix B-2.

Appears in 1 contract

Samples: License Agreement (Smart Energy Solutions, Inc.)

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