Common use of Before First Commercial Sale Clause in Contracts

Before First Commercial Sale. Prior to the first commercial sale of any Licensed Product, the Company shall deliver reports to PureTech annually, within [ *** ] the end of each calendar year, containing information concerning the progress of research and development pertaining to the Licensed Product.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (Karuna Therapeutics, Inc.)

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Before First Commercial Sale. Prior to the first commercial sale of any Licensed ProductProduct or first commercial performance of any Process or Service, the Company shall deliver reports to PureTech annually, within [ [*** *] of the end of each calendar year, containing information concerning the progress of research and development pertaining to the Licensed Product, Process and Service.

Appears in 2 contracts

Samples: Royalty Agreement (PureTech Health PLC), Royalty Agreement (PureTech Health PLC)

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