Common use of Identification of Back-Up Compounds Clause in Contracts

Identification of Back-Up Compounds. If the Parties determine to seek to identify a Back-up Compound for Development under this Agreement, then upon agreement by the Parties on a research plan, including the allocation of research responsibilities, a budget, and responsibility for all costs of performing such research plan, one or both Parties will use Commercially Reasonable Efforts to deliver one (1) or more Back-Up Compound(s). The rights and obligations of the Parties relating to each Back-Up Compound shall be identical to those applicable to BGB-283, except as otherwise expressly provided herein. Either Party shall notify the other Party in writing in the event it wishes to replace BGB-283 with a specified Collaboration Compound developed hereunder as a Back-Up Compound or to Develop such Collaboration Compound as a Back-Up Compound in addition to BGB-283. The Parties shall promptly review the available data and other information and determine whether to so designate the proposed Collaboration Compound as a Back-Up Compound. Subsequent to such designation, as applicable, any reference to the Product shall be deemed to include or to be made to a Product that contains, incorporates, comprises or is derived from a Back-Up Compound.

Identification of Back-Up Compounds. If the Parties determine to seek to identify a Back-up Compound for Development under this Agreement, then upon agreement by the Parties on a research plan, including the allocation of research responsibilities, a budget, and responsibility for all costs of performing such research plan, one or both Parties will use Commercially Reasonable Efforts to deliver identify one (1) or more Collaboration Compounds as potential Back-Up Compound(s). The rights and obligations of the Parties relating to each Back-Up Compound shall be identical to those applicable to BGB-283BGB-290, except as otherwise expressly provided herein. Either Party shall notify the other Party in writing in the event it wishes to replace BGB-283 BGB-290 with a specified Collaboration Compound developed identified hereunder as a Back-Up Compound or to Develop such Collaboration Compound as a Back-Up Compound in addition to BGB-283BGB-290. The Parties shall promptly review the available data and other information and determine whether to so designate the proposed Collaboration Compound as a Back-Up Compound. Subsequent to such designation, as applicable, any reference to the Product shall be deemed to include or to be made to a Product that contains, incorporates, comprises or is derived from a Back-Up Compound.