Computational Materials and ABS Sample Clauses
The "Computational Materials and ABS" clause defines how computational materials—such as digital models, simulations, or data sets—are treated in relation to Access and Benefit-Sharing (ABS) obligations. It typically clarifies whether the use, transfer, or development of computational materials derived from genetic resources is subject to the same benefit-sharing requirements as physical materials. For example, it may specify if digital sequence information or in silico research outputs must be reported or if benefits must be shared with the source country. This clause addresses the evolving landscape of biotechnology by ensuring that digital and computational outputs are appropriately included or excluded from ABS frameworks, thereby providing legal clarity and preventing disputes over benefit-sharing responsibilities.
Computational Materials and ABS. Term Sheets may be distributed by the Underwriter through electronic means in accordance with SEC Release No. 33-7233 or other applicable laws or regulations.
