Common use of Adverse Effects Clause in Contracts

Adverse Effects. Each Party shall promptly inform the other in writing of any material side effects or adverse effects, conditions or reactions encountered by or reported to them in connection with the Product(s) which could in any significant way render the Product(s) or any of the components thereof unsafe or unfit. The Parties shall follow a written mutually agreed upon procedure for communication of Adverse Events relating to the Product(s). These procedures will be agreed to by the Parties prior to the initiation of clinical trials in the Territory.