Common use of NVS Knowledge and Inventory Transfer Clause in Contracts

NVS Knowledge and Inventory Transfer. NVS will provide to HMI or its designated Affiliate or Third Party copies of all material data, reports, records, and other material sales and marketing related information in NVS’ possession and Control to the extent that such data, reports, records, materials or other information relate solely to the Development and Commercialization of such Terminated Candidates and Terminated Products. In connection with such transfer, NVS will, at HMI’s option transfer to HMI or its designated Affiliate or Third Party all inventory of Terminated Candidates and Terminated Products and components and works in process held by NVS with respect to the Manufacture of Terminated Candidates and Terminated Products as of the effective date of termination of this Agreement at the cost paid by or on behalf of NVS for such inventory.