Common use of Consideration; Expenses Clause in Contracts

Consideration; Expenses. BDSI shall provide the Services to BND in consideration of the future benefits to inure to BDSI's through its ownership of equity interests in BND and its licensing of certain technology rights to BND. In the event that BDSI incurs evaluation, research or development costs on behalf of BND in connection with a potential licensing program with a third-party, BND shall reimburse such costs to BDSI on a case by case basis only if a final license agreement is signed with such third-party. BND shall reimburse BDSI for such costs promptly following the execution of any such license agreement.

Appears in 4 contracts

Samples: Management Services and Administrative Agreement (Bioral Nutrient Delivery LLC), Management Services and Administrative Agreement (Biodelivery Sciences International Inc), Management Services and Administrative Agreement (Bioral Nutrient Delivery LLC)

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