Common use of Sponsor Materials Clause in Contracts

Sponsor Materials. Sponsor or Sponsor representative shall provide all Study Drug and certain reagents or other materials as provided for in the Protocol (collectively, “Materials”) to the Institution at no charge. Institution and Research Personnel shall at all times hold, store, handle, and transport the Materials in compliance with all applicable laws, rules, and regulations. Institution shall keep the Materials in a locked, secured area at all times, and shall maintain accurate records showing the disposition and return of the Materials, including recording the dates and amounts of Materials (a) received; (b) dispensed or administered, including the Study subjects to whom the Materials were dispensed or administered; (c) disposed of, damaged, or lost; and (d) returned to Sponsor, as directed, (“Inventory Data”). The Materials provided by or on behalf of Sponsor to Institution and/or Investigators in connection with this Agreement or the Study shall be and remain the exclusive property of Sponsor. Institution and Investigators shall use the Materials only to conduct the Study and for no other purpose. Upon termination or completion of the Study, termination or expiration of this Agreement, or upon request by Sponsor, all Materials shall be returned to Sponsor as directed, or destroyed at Sponsor’s sole option and expense.

Sponsor Materials. Sponsor or Sponsor representative shall provide all Study Drug Drugs and certain reagents or other materials as provided for in the Protocol (collectively, “Materials”) to the Institution at no charge. Institution and Research Personnel shall at all times hold, store, handle, and transport the Materials in compliance with all applicable laws, rules, and regulations. Institution shall keep the Materials in a locked, secured area at all times, and shall maintain accurate records showing the disposition and return of the Materials, including recording the dates and amounts of Materials (a) received; (b) dispensed or administered, including the Study subjects to whom the Materials were dispensed or administered; (c) disposed of, damaged, or lost; and (d) returned to Sponsor, as directed, (“Inventory Data”). The Materials provided by or on behalf of Sponsor to Institution and/or Investigators in connection with this Agreement or the Study shall be and remain the exclusive property of Sponsor. Institution and Investigators shall use the Materials only to conduct the Study and for no other purpose. Upon termination or completion of the Study, termination or expiration of this Agreement, or upon request by Sponsor, all Materials shall be returned to Sponsor as directed, or destroyed at Sponsor’s sole option and expense.