Common use of Third Party Compounds Clause in Contracts

Third Party Compounds. For purposes of this Agreement, Compounds and Additional Compounds shall not include any chemical compound as to which rights are or were acquired by Vertex or any of its Affiliates from bona fide Third Party entities after [***], whether by merger, acquisition of shares, asset acquisition, license or other means of conveyance whether or not Vertex or its Affiliates or any third party acting under Vertex’s or its Affiliate’s direction evaluated such compound prior to [***]. For example, [***].

Appears in 5 contracts

Samples: Development and Commercialization Agreement (Royalty Pharma PLC), Development and Commercialization Agreement (Royalty Pharma PLC), Development and Commercialization Agreement (Royalty Pharma PLC)

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