Development Commercialization Manufacturing Clause Samples
The DEVELOPMENT; COMMERCIALIZATION; MANUFACTURING clause defines the parties' respective rights and obligations regarding the creation, marketing, and production of a product or technology. It typically outlines who is responsible for research and development activities, how commercialization efforts such as sales and marketing will be conducted, and which party will handle or oversee manufacturing processes. This clause ensures that each stage of bringing a product to market is clearly assigned, reducing ambiguity and helping to prevent disputes over responsibilities and revenue sharing.
Development Commercialization Manufacturing. 4.1 Development Adlai Nortye will be solely responsible for and shall, subject to the terms of this License Agreement, have final decision-making authority with respect to the Development of a Licensed Product in the Field in the Territory. A▇▇▇▇ Nortye shall develop a plan for the clinical development of Licensed Products to be conducted by or on behalf of Adlai Nortye under this License Agreement (a “Development Plan”) within [***] days of the Effective Date, which Development Plan shall be consistent with Schedule E. A▇▇▇▇ Nortye shall bear [***] of all costs and expenses associated with the Development of Licensed Products.
4.2 Commercialization A▇▇▇▇ Nortye will be solely responsible for and shall, subject to the terms of this License Agreement, have final decision-making authority with respect to the Commercialization of a Licensed Product in the Field in the Territory. A▇▇▇▇ Nortye shall bear [***] of all costs and expenses associated with the Commercialization of Licensed Products.
4.3 Diligence A▇▇▇▇ Nortye will use Commercially Reasonable Efforts to Develop, Manufacture and Commercialize Licensed Product(s) in the Field and shall use Commercially Reasonable Efforts to obtain Regulatory Approval for as many Indications as possible, as included in the attached Development Plan (individually and together, the “Licensed Product Activities”).
4.4 Manufacturing Adlai Nortye will be solely responsible for and shall, subject to the terms of this License Agreement, have final decision-making authority with respect to the Manufacturing of a Licensed Product in the Field in the Territory. A▇▇▇▇ Nortye shall bear [***] of all costs and expenses associated with the Manufacturing of Licensed Products.
Development Commercialization Manufacturing