Common use of GSK Responsibility Clause in Contracts

GSK Responsibility. GSK shall have the sole right and responsibility for Commercialization of Collaboration Products for distribution and sale. GSK shall bear all costs and expenses associated with the Commercialization of Collaboration Products for sale or distribution. (a) GSK shall have the sole right and responsibility to distribute, sell, record sales and collect payments for Collaboration Products. (b) GSK shall have the sole right and responsibility for establishing and modifying the terms and conditions with respect to the sale of Collaboration Products, including, without limitation, the price or prices at which the Collaboration Products will be sold, any discount applicable to payments or receivables, and similar matters. (c) GSK will be responsible for storage, order receipt, order fulfillment, shipping and invoicing of Collaboration Products.

Appears in 4 contracts

Samples: Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc)

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