Products Under Development Clause Samples
The "Products Under Development" clause defines how products that are not yet commercially available or finalized are treated within the agreement. It typically outlines the parties' rights and obligations regarding access to, use of, or information about such products, and may specify whether these products are included in the scope of the contract or subject to separate terms. This clause helps manage expectations and reduces disputes by clarifying the status and handling of products that are still in the development phase.
Products Under Development. “Products Under Development” shall mean the products currently under development and subject to current clinical trials set forth on Schedule A attached hereto.
Products Under Development. All Revenue generated from the sale of products currently under development by the Company (“Products Under Development”) and Derivative Products of Products Under Development (as hereinafter defined) by the Purchaser, the Sub or any Affiliate thereof, including, without limitation, those listed below (under any product name whatsoever): Class 3 Tags and Reader (***) ***Products *** CONFIDENTIAL MATERIAL REDACTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. IR 2000 IR 2500 SR 2000 RM 2000 DR 2000 DP 2000 In addition, Revenue shall be increased by software, application software and software license fees associated with the Products Under Development and Derivative Products of Products Under Development.