Examples of Buyer Territory in a sentence
In addition to the Covered Products, the Seller shall have the right, but not the obligation, to manufacture and sell to Buyer all new alcoholic products branded under Buyer’s Intellectual Property and to be sold or distributed by Buyer in the Buyer Territory (the “ROFR”).
Each Party shall give the other Party reasonable written notice prior to any changes to the process of Manufacturing Supplied Product for sale in the Buyer Territory that are required by cGMP or other applicable Law (collectively, “Required Manufacturing Changes”).
Notwithstanding clause (f) of this Section 2.2, Seller shall not, and it shall cause its Affiliates not to, market, sell, distribute or otherwise commercialize in the Buyer Territory a version of the Product that is available for use by humans on a non-prescription basis prior to the later of (x) the last to expire of the Valid Claims covering the Product under the Licensed Patents and Assigned Patents and (y) the Milestone Termination Date.
Buyer shall be financially responsible for all other Chargeback Claims related to the Product in the Buyer Territory.
The Financial Information has been prepared in accordance with GAAP from the books and records of Seller and fairly presents in all material respects the annual gross sales and net sales (and certain components thereof) for the Product in the Buyer Territory for the periods indicated.
Subject to this Section 2.6, Buyer shall be bound by and enjoy the benefit of the terms and conditions applicable to the Exploitation of the Product and any Other Product, as permitted under this Agreement, under the In-License Agreements in the Buyer Territory.
Within [REDACTED] days after the Effective Date, Buyer shall initiate the necessary changes to the Product Labeling to reflect Buyer’s ownership of the Product, in the Buyer Territory.
Subject to the terms and conditions of this Agreement, during the Term, Seller shall Manufacture and supply to Buyer, and Xxxxx agrees to purchase from Seller, Supplied Product for sale or distribution by Buyer solely in the Buyer Territory in accordance with the terms and conditions of the Asset Purchase Agreement.
Either Party may terminate this Agreement upon [***] days’ prior written notice to the other Party, in the event that Governmental Authorities cause the withdrawal of the Product from every jurisdiction in the Buyer Territory.
For clarity, Buyer shall pay to Seller (x) the Floor Price for validation batches of 2.5 mg Dosage Strength Manufactured in connection with the activities described in this Section 2.7, and (y) the Supply Price for 2.5 mg Dosage Strength validation batch product supply that is sold commercially in the Buyer Territory.