Common use of Export Monitoring Clause in Contracts

Export Monitoring. Each Party and its Related Parties will use Commercially Reasonable Efforts to monitor and prevent exports of Regional Licensed Products from its own Territory for Commercialization in the other Party’s Territory using methods permitted under applicable Law that are commonly used in the industry for such purpose (if any), and will promptly inform the other Party of any such exports of Regional Licensed Products from its Territory, and any actions taken to prevent such exports. Each Party agrees to take reasonable actions requested in writing by the other Party that are consistent with applicable Law to prevent exports of Regional Licensed Products from its Territory for Commercialization in the other Party’s Territory. The Parties expressly acknowledge and agree that applicable Law may prevent or limit a Party from taking action to prevent exports from one EU country to another.

Appears in 4 contracts

Samples: Collaboration Agreement (Coherus BioSciences, Inc.), Collaboration Agreement (Surface Oncology, Inc.), Collaboration Agreement (Surface Oncology, Inc.)

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Export Monitoring. Each Party and its Related Parties will shall use Commercially Reasonable Efforts to monitor and prevent exports of Regional Licensed Products from its own Commercial Territory for Commercialization in the other Party’s Commercial Territory using methods permitted under applicable Law Applicable Laws that are commonly used in the industry for such purpose (if any), and will shall promptly inform notify the other Party of any such exports of Regional Licensed Products from its Commercial Territory, and any actions taken to prevent such exports. Each Party agrees to take reasonable actions requested in writing by the other Party that are consistent with applicable Law Applicable Laws to prevent exports of Regional Licensed Products from its Commercial Territory for Commercialization in the other Party’s Commercial Territory. The Parties expressly agree and acknowledge and agree that applicable Law Applicable Laws may prevent or limit a Party from taking action to prevent exports from one EU European Union country to another.

Appears in 2 contracts

Samples: Development and License Agreement (Minerva Neurosciences, Inc.), Development and License Agreement (Minerva Neurosciences, Inc.)

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Export Monitoring. Each Party and its Related Parties will use Commercially Reasonable Efforts to monitor and prevent exports of Regional Licensed Products from its own Territory for Commercialization in the other Party’s Territory using methods permitted under applicable Law that are commonly used in the industry for such purpose (if any), and will promptly inform the other Party of any such exports of Regional Licensed Products from its Territory, and any actions taken to prevent such exports. Each Party agrees to take reasonable actions requested in writing by the other Party that are consistent with applicable Law to prevent exports of Regional Licensed Products from its Territory for Commercialization in the other Party’s Territory. The Parties expressly acknowledge and agree that applicable Law may prevent or limit a Party from taking action to prevent exports from one EU country to another.

Appears in 1 contract

Samples: Collaboration and License Agreement (Xencor Inc)

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