Common use of Diligence Reporting Clause in Contracts

Diligence Reporting. Within sixty (60) days after the end of each calendar year (other than the calendar year ending December 31, 2013), Licensee shall furnish CareFusion with a written report summarizing its, its Affiliates’ and its Sublicensees’ efforts during the prior year to develop and commercialize Licensed Products. Each report must contain a sufficient level of detail for CareFusion to assess whether Licensee is in compliance with its obligations under Section 3.1 and a discussion of intended efforts for the then-current year. Licensee represents and warrants that each of such reports shall be accurate.

Appears in 7 contracts

Samples: Non Exclusive Patent License Agreement, Non Exclusive Patent License Agreement (AIT Therapeutics, Inc.), Non Exclusive Patent License Agreement (AIT Therapeutics, Inc.)

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