Examples of Acer Territory in a sentence
Unless otherwise set forth in the Pharmacovigilance Agreement, the Parties will jointly maintain a global database with Relief responsible for all activities in the Relief Territory and Acer responsible for all activities in the Acer Territory.
The Parties hereby establish a joint steering committee (the “JSC”) to oversee and coordinate Development and Commercialization in the Acer Territory and the Relief Territory, and to encourage and facilitate the ongoing cooperation and communication between the Parties regarding matters related to such activities.
Other than the payments to be made by Relief to Acer pursuant to this Agreement and the costs that will be incorporated into the calculation of Net Profits in the Acer Territory, each Party will be responsible for the costs and expenses for Development (including Regulatory Approval) and Commercialization in its respective Territory.
Recall costs in the Acer Territory will be borne by the Parties as they will be included in Distribution Costs.
Acer will be responsible for and will use Commercially Reasonable Efforts to Commercialize in the Acer Territory following Regulatory Approval.
From the Effective Date through the end of the earlier of the Net Profit Term or the termination of this Agreement, Acer shall pay to Relief sixty percent (60%) of all Net Profits in the Acer Territory for each calendar quarter for Commercialization on a country-by-country and indication-by-indication basis in the Acer Territory (each, a “Net Profit Payment”).
COUNTRY SERIAL NUMBER FILING DATE PUBLICATION DATE REGISTRATION NUMBER REGISTRATION DATE STATUS/ NOTES RENEWAL DATE Madrid Protocol (WIPO) A0113167 9/2/2021 — 1619736 9/2/2021 Registered in all designated countries*, except Refused/Abandoned in CH - Switzerland 9/2/2031 * Designations: CH - Switzerland, EM - European Union, GB- United Kingdom, and TR – Turkey; According to the Acer-Relief agreement in place, Turkey is an Acer Territory.
COUNTRY SERIAL NUMBER FILING DATE PUBLICATION DATE REGISTRATION NUMBER REGISTRATION DATE STATUS/ NOTES RENEWAL DATE Madrid Protocol (WIPO) A0099587 8/25/2020 — 1553914 8/25/2020 Registered in all designated countries* 8/25/2030 * Designations: CH - Switzerland, EM - European Union, GB- United Kingdom, and TR – Turkey; According to the Acer-Relief agreement in place, Turkey is an Acer Territory.
Notwithstanding the foregoing, Acer shall be at all times responsible to make Royalty Payments according to the terms of Section 1.2 in relation to the Net Sales of the Product in the Acer Territory by any of Acer or its Affiliates’ licensees or sublicensees.
In addition, for the avoidance of doubt, after approval and commercial launch of ACER-001 for the treatment of UCD or MSUD in the United States, any on-going research and development costs or indication expansion costs shall be part of the calculation of net profits in the Acer Territory.