Common use of Development and Commercialisation Reports Clause in Contracts

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. COMPANY shall furnish to GIMI, and shall oblige its Affiliates and Sublicensees to furnish to COMPANY for inclusion in its reports to GIMI, 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 MI for the second calendar half year of 20062009. Any reports furnished to GI MI under this Section 4.2 shall constitute COMPANY’S Confidential Information, and shall be treated by GI MI according to Article 8.

Development and Commercialisation Reports. COMPANY shall furnish to GIMI, and shall oblige its Affiliates and Sublicensees to furnish to COMPANY for inclusion in its reports to GIMI, 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-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 MI for the second calendar half year of 20062009. Any reports furnished to GI MI under this Section 4.2 shall constitute COMPANY’S Confidential Information, and shall be treated by GI MI according to Article 8.