Common use of DUTY OF DILIGENCE Clause in Contracts

DUTY OF DILIGENCE. Licensee shall exercise reasonable diligence to affect the introduction of Licensed Products into the commercial market. Licensee further agrees to ensure proper, safe, fair, lawful and reasonable development and exploitation of the commercial market for Licensed Products. Failure of Licensee to materially comply with the provisions of this paragraph shall be considered a material breach of this Agreement.

Appears in 4 contracts

Samples: License Agreement (Premier Biomedical Inc), License Agreement (Premier Biomedical Inc), Patent License Agreement (INverso Corp)

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