Common use of Clinical Development and Collaboration Agreement Clause in Contracts

Clinical Development and Collaboration Agreement. The Parties understand that assistance from Company will be needed and accepted in connection with the Development of the Compound and Covered Products in the Field in the Territory. With regard to Development, the Parties agree that within ninety (90) calendar days after the Effective Date (or such longer period as the Parties may agree in writing), NovaMedica and Company will enter into a mutually acceptable “Clinical Development and Collaboration Agreement” regarding Development of the Compound and Covered Product(s) in the Territory.

Clinical Development and Collaboration Agreement. The Parties understand that assistance from Company will be needed and accepted in connection with the Development and Commercialization of the Compound and Covered Products in the Field in the Territory. With regard to Development, the Parties agree that within ninety (90) calendar days after the Effective Date (or such longer period as the Parties may agree in writing), NovaMedica the Transferee and Company will enter into a mutually acceptable “Clinical Development and Collaboration Agreement” regarding Development of the Compound and Covered Product(s) in the Territory.

Clinical Development and Collaboration Agreement. The Parties understand that assistance from Company will be needed and accepted in connection with the Development of the Compound and Covered Products in the Field in the Territory. With regard to Development, the Parties agree that as soon as practicable but not later than within ninety sixty (9060) calendar days after the Effective Date (or such longer period as Date, the Parties may agree in writing), NovaMedica Transferee and Company will enter into a mutually acceptable “Clinical Development and Collaboration Agreement” regarding Development of the Compound and Covered Product(s) in the Territory.