Prior to Proof of Concept Sample Clauses

Prior to Proof of Concept. Prior to achieving Proof of Concept, the Parties shall be jointly responsible for the Development of Licensed Compounds and Licensed Products, it being understood that the Licensor uses external consultants for this purpose and has limited control on their work. Each Party shall use Commercially Reasonable Efforts to Develop the Licensed Compounds and the Licensed Product in accordance with the Development Plan and to meet any and all milestones contained in the Development Plan on a timely basis, including performing and completing all Development activities required by each Party under the Development Plan, Licensee reasonably taking into account and considering Licensor’s capacity and available resources and that Licensor will subcontract its responsibilities to Third Parties.
Sample 1
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Prior to Proof of Concept. Subject to Section 4.01, Section 4.02 and Section 5.04(d) unless specifically provided for in the Development Plan and Development Budget, each Party will be solely responsible for all expenses and costs incurred by such Party for the Development of the Licensed Compounds and Licensed Products, provided that if Licensee requests Licensor conduct development activities or assistance that Licensor would not have been reasonably expected to conduct or perform under Development Plan or this Agreement without such request, Licensee will pay in advance or reimburse Licensor of the costs Licensor incurred in relation to such activities as determined by the Parties.
Sample 1
Prior to Proof of Concept. Prior to Proof of Concept, all manufacturing costs and expenses will be allocated pursuant to the Development Plan and Development Budget.
Sample 1

Related to Prior to Proof of Concept

  • Project Scope This section should contain SOW summary information including: o Project definition and expected duration o Project goals, objectives, o Priorities & expectations o Project approach & responsibilities o Overall coordination and assumptions

  • Joint Improvements Rights and title to the Technology, whether or not patentable, and any patent applications or patents based thereon, which directly relate to and are not severable from Licensor IP and which are improvements thereto by both LICENSOR AND LICENSEE shall be jointly owned intellectual property by LICENSOR AND LICENSEE.

  • Development Reports Beginning six months after Effective Date and ending on the date of first commercial sale of a Licensed Product in the United States, LICENSEE shall report to Cornell progress covering LICENSEE's (and Affiliate's and Sublicensee's) activities and efforts in the development of rights granted to LICENSEE under this Agreement for the preceding six months. The report shall include, but not be limited to, activities and efforts to develop and test all Licensed Products and obtain governmental approvals necessary for marketing the same. Such semi-annual reports shall be due within sixty days (60) of the reporting period and shall use the form as provided herein as Appendix C.

  • DTC DIRECT REGISTRATION SYSTEM AND PROFILE MODIFICATION SYSTEM (a) Notwithstanding the provisions of Section 2.4 of the Deposit Agreement, the parties acknowledge that DTC’s Direct Registration System (“DRS”) and Profile Modification System (“Profile”) apply to the American Depositary Shares upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC that facilitates interchange between registered holding of uncertificated securities and holding of security entitlements in those securities through DTC and a DTC participant. Profile is a required feature of DRS that allows a DTC participant, claiming to act on behalf of an Owner of American Depositary Shares, to direct the Depositary to register a transfer of those American Depositary Shares to DTC or its nominee and to deliver those American Depositary Shares to the DTC account of that DTC participant without receipt by the Depositary of prior authorization from the Owner to register that transfer.

  • Development Schedule The schedule for design and development of the "BASE BUILDING WORK" (as defined below) and the "TENANT IMPROVEMENTS" (as defined below), including, without limitation, the time periods for preparation, delivery, review, and approval of construction documents and performance pursuant to such documents, shall be in accordance with the Development Schedule attached hereto as Schedule A, subject to adjustment as mutually agreed by the parties in writing or as provided in this Work Letter (the "DEVELOPMENT SCHEDULE").

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • APPROVAL OF PLANS AND SPECIFICATIONS The Plans and Specifications will conform to the requirements and conditions set out by applicable law or any effective restrictive covenant, and to all governmental authorities which exercise jurisdiction over the Leased Premises or the construction thereon.

  • Development Records Each Party shall maintain complete, current and accurate records of all Development activities conducted by it hereunder, and all data and other information resulting from such activities. Such records shall fully and properly reflect all work done and results achieved in the performance of the Development activities in good scientific manner appropriate for regulatory and patent purposes. Each Party shall document all non-clinical studies and Clinical Trials in formal written study reports according to Applicable Laws and national and international guidelines (e.g., ICH, cGCP, cGLP, and cGMP).

  • Development Plan As defined in Section 3.2(a).

  • Project Schedule Contractor shall perform the Work in accordance with the Project Schedule.

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