Commercial Territory definition
Examples of Commercial Territory in a sentence
Each Party agrees to take reasonable actions requested in writing by the other Party that are consistent with Applicable Law to prevent exports of Product from its Commercial Territory for Commercialization in the other Party’s Commercial Territory.
MPP shall ensure Afrigen will transfer to Spoke 2 vials of GMP Master Cell Bank (MCB) and, as soon as available, 10 vials of the GMP Working Cell Bank (WCB) of the Material in its possession; the aforementioned material can be used by Spoke for research and development and commercial purposes in the Commercial Territory with the granted rights provided in the Agreement.
Each Party shall use Diligent Efforts to monitor exports of Product from its own Commercial Territory for commercialization in the other Party’s Commercial Territory using methods permitted under Applicable Law that are commonly used in the industry for such purpose, and shall promptly notify the other Party of any such exports of Product from its Commercial Territory.
MPP shall ensure Afrigen will transfer to IPD 2 vials of GMP Master Cell Bank (MCB) and, as soon as available, 10 vials of the GMP Working Cell Bank (WCB) of the Material in its possession; the aforementioned material can be used by IPD for research and development and commercial purposes in the Commercial Territory with the granted rights provided in the Agreement.
Novartis shall update the Development Plan at least once per Calendar Quarter until the First Commercial Sale of a Product in a Commercial Territory and the Governance Committee shall review the amendments to the development Plan and the progress of activities being conducted under the Development Plan.
Each Party shall use Commercially Reasonable Efforts to monitor and prevent exports of Licensed Products from its own Commercial Territory for Commercialization in the other Party’s Commercial Territory using methods permitted under Applicable Laws that are commonly used in the industry for such purpose (if any), and shall promptly notify the other Party of any such exports of Licensed Products from its Commercial Territory, and any actions taken to prevent such exports.
Further, it is difficult, time consuming and expensive for many people to get to court.
Each Party shall use Commercially Reasonable Efforts to monitor and prevent exports of Product from its own Commercial Territory for commercialization in the other Party’s Commercial Territory using methods permitted under Applicable Law that are commonly used in the industry for such purpose, and shall promptly notify the other Party of any such exports of Product from its Commercial Territory, and any actions taken to prevent such exports.
A Party assuming control of Program Patents shall continue to keep the Abandoning Party reasonably informed with respect to the status of such Program Patents and their prosecution in the Abandoning Party’s Commercial Territory.
If the portion of that cost or expense used for Commercialization can be objectively determined through specific means (e.g., man hours of effort, amounts consumed, etc.), then the amount so used will be charged to the applicable Commercial Territory.