Common use of Diligent Commercialization Clause in Contracts

Diligent Commercialization. Licensee by itself or through its Sublicensees will use diligent efforts to make one or more Licensed Products and/or Licensed Services (as applicable) commercially available in the Field within the Territory. Without limiting the foregoing, Licensee will: (a) maintain a bona fide, funded, ongoing and active research, development, manufacturing, regulatory, marketing or sales program (all as commercially reasonable) to make one or more Licensed Products and/or Licensed Services commercially available to the public as soon as commercially practicable (b) Intentionally Omitted. (c) any time after 2 years from the Effective Date and within 90 days after receiving written notice from Licensor’s written request, provide written evidence satisfactory to Licensor that Licensee or its Sublicensee(s) has: (i) Sales in non-oncology Indication; or (ii) an effective, ongoing and active research, development, manufacturing, marketing or sales program as appropriate, directed toward obtaining regulatory approval, and/or production and/or Sales of a Licensed Product in non-oncology Indication. If the Licensee’s obligations under this Section 2.3 are not fulfilled, Licensor may treat such failure as a breach in accordance with Section 7.3(b).

Appears in 3 contracts

Samples: Patent & Technology License Agreement (MAIA Biotechnology, Inc.), Patent & Technology License Agreement (MAIA Biotechnology, Inc.), Patent & Technology License Agreement (MAIA Biotechnology, Inc.)

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Diligent Commercialization. Licensee by itself or through its Sublicensees will use diligent efforts to make one or more Licensed Products and/or Licensed Services (as applicable) commercially available in the Field within the Territory. Without limiting the foregoing, Licensee will: (a) maintain a bona fide, funded, ongoing and active research, development, manufacturing, regulatory, marketing or sales program (all as commercially reasonable) to make one or more Licensed Products and/or Licensed Services commercially available to the public as soon as commercially practicable (b) Intentionally Omitted. (c) any time after 2 years from the Effective Date and within 90 days after receiving written notice from Licensor’s written request, provide written evidence satisfactory to Licensor that Licensee or its Sublicensee(s) has: : (i) Sales i)Sales in non-oncology Indication; or or (ii) an ii)an effective, ongoing and active research, development, manufacturing, marketing or sales program as appropriate, directed toward obtaining regulatory approval, and/or production and/or Sales of a Licensed Product in non-oncology Indication. If the Licensee’s obligations under this Section 2.3 are not fulfilled, Licensor may treat such failure as a breach in accordance with Section 7.3(b).

Appears in 3 contracts

Samples: Patent & Technology License Agreement (MAIA Biotechnology, Inc.), Patent & Technology License Agreement (MAIA Biotechnology, Inc.), Patent & Technology License Agreement (MAIA Biotechnology, Inc.)

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