Development and Commercialisation Reports Sample Clauses
The 'Development and Commercialisation Reports' clause requires a party, typically a licensee or partner, to provide regular updates on their progress in developing and commercializing a product or technology. These reports often include details such as milestones achieved, sales figures, marketing activities, and future plans, and are usually submitted on a set schedule (e.g., quarterly or annually). The core function of this clause is to ensure transparency and accountability, enabling the other party to monitor progress and compliance with contractual obligations.
Development and Commercialisation Reports. COMPANY shall furnish to GI, and shall oblige its Affiliates and Sublicensees to furnish to COMPANY for inclusion in its reports to GI, in writing semi-annually, within 30 (thirty) days after the end of each calendar half year, with a development and commercialisation report, stating in reasonable detail the activities and the progress of its efforts (including the efforts of its Affiliates and Sublicensees) during the immediately preceding calendar half year to develop and commercialize Licensed Products and Licensed Services, on a product-by-product and country-by-country basis. The report shall also contain a discussion of intended development and commercialisation efforts for the calendar half year in which the report is submitted. The first report shall be provided to GI for the second calendar half of 2006. Any reports furnished to GI under this Section 4.2 shall constitute Confidential Information, and shall be treated by GI according to Article 8.
Development and Commercialisation Reports. WAVE shall furnish to MI, and shall oblige its Affiliates and Sublicensees to furnish to WAVE for inclusion in its respective reports to MI, in writing annually, within [***] days after the end of each calendar year, with a report briefly summarizing development and commercialization efforts undertaken during the previous year. The first report shall be provided to MI for the calendar year of 2015. Such reports will be considered and treated as WAVE’S Confidential Information.