Master Collaboration Agreement Sample Clauses

Master Collaboration Agreement. In the event of early termination for any reason (other than Change of Control) of the Master Collaboration Agreement, Stereotaxis may elect to terminate this Amendment at any time within 12 months after any such early termination of the Master Collaboration Agreement. [*** Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.]

Master Collaboration Agreement. The Parties shall engage ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ or any other industry expert of international repute as agreed between the Parties as the independent industry consultant to issue an industry report (the “Collaboration Industry Report”) within a reasonable period of time after obtaining the approval from the Independent Shareholders regarding the Master Collaboration Agreement, which shall be updated by Frost & ▇▇▇▇▇▇▇▇ or such other industry expert upon renewal of the Master Collaboration Agreement or upon such shorter period as the Parties deem necessary with respect to a certain product, which shall contain, among other things, the customary profit sharing mechanisms of products similar or comparable to the BSC Products and the Acotec Products (as the case may be) and the customary fee arrangements of similar or comparable services between the service provider and the service recipient. Profit sharing mechanisms are commonly adopted by manufactures and distributors for similar or comparable products. Parties would be able to identify applicable profit sharing mechanisms by referring to the Collaboration Industry Report as profit sharing mechanisms normally vary among different products and in different regions. For a particular Acotec Product under a particular Collaboration Definitive Agreement, the independent industry consultant will conduct research on profit sharing mechanisms which are commonly adopted for similar or comparable products with relevant price ranges in order to identify the applicable profit sharing mechanism in the Collaboration Industry Report. The purchase price of each of the BSC Products payable by the Group under any Collaboration Definitive Agreement shall be one single price globally and determined after arm’s length negotiation between the Parties on a product-by-product basis (for which there is no one pre- determined formula applicable to all the BSC Products) with reference to: