Common use of Guidance Note for clause 8 Clause in Contracts

Guidance Note for clause 8. The rights being granted in this Agreement are for the Licensee to Commercialise the Licensed IPR - rather than to distribute existing products on behalf of the Licensor. While there may be prototype or early stage products that the Licensor has developed (and which may be provided as part of the Materials), the Licensee is responsible for developing these on a commercial basis and for assuring itself that the Products are able to be marketed and sold in the relevant jurisdiction in the Territory. This includes responsibility for safety and obtaining regulatory approvals. It would not be appropriate for the parties to use this template if this allocation of responsibility was amended. Any changes proposed should be carefully considered for their legal and commercial impacts. Standards