Commercialisation Costs means costs incurred by the Administering Institution in the course of the protection, maintenance and enforcement of the Notified IP and the Commercialisation of the Notified IP being:
Commercialisation Costs means all costs relating to commercialisation of IP (excluding the costs of employing University staff). It includes the costs of managing, registering, protecting and enforcing IP rights, creation of prototypes, models and samples, proof of concept development, insurance, legal, financial and technical advice, marketing and travel, and other such expenses associated with carrying out that business activity.
Commercialisation Costs means all reasonable out of pocket expenses incurred by the Administering Institution in the course of the protection, maintenance, enforcement and Commercialisation of the Award IP, being:
(a) legal fees and cost incurred for external attorneys for filing and prosecution of patents, trademarks or other registered rights, maintenance, defence and enforcement;
(b) fees and costs incurred for external expert advice (including but not limited to legal, tax, business or Commercialisation);
(c) revenue shares agreed to be disbursed to external organisations involved in the creation of the Award IP;
(d) royalties or other payments for licences required to Commercialise the Award IP;
(e) revenue shares required to be distributed under Administering Institution policy sharing arrangements, and
(f) all taxes paid and payable by the Administering Institution in respect of Commercialisation of the Award IP;
Examples of Commercialisation Costs in a sentence
Each Party shall provide the Joint Development Committee with a good faith preliminary estimate of its pre-launch Commercialisation Costs of an Antibody Product on or about the date Amgen provides written notice to Celltech that it intends to proceed with Late Stage Development activities with respect to such Antibody Product.
The Licensee shall solely incur all Commercialisation Costs in Commercialising the Joint IP and Joint Technology.
GSK shall bear all the Commercialisation Costs, except those costs incurred by Genmab in the course of carrying out its Co-Promotion activities under this Agreement, such as infrastructure costs, if Genmab elects to exercise the Option (provided that nothing herein shall relieve GSK of it obligations to pay Genmab those FTE Costs of Sales Representatives as described in Exhibit 5).
However, equating the issuance of a notice to proceed with the start of performance is at odds with both the language of the contract and the parties’ understanding.
This report shall include a detailed schedule of Commercialisation Costs incurred to date as well as any Commercialisation Income; and collect money payable under the Exploitation Agreements; and distribute the Share in Net Commercialisation Income due to the Supporting Party.
More Definitions of Commercialisation Costs
Commercialisation Costs means all out of pocket expenses incurred by the Parties in the Commercialisation of the IPR’s, (not including costs attributed to time spent by the Lead Party’s employees) including: Registration Costs, for which the Lead Party has not sought reimbursement by the other parties to Commercialisation Agreements; legal expenses incurred in relation to Commercialising IPR’s; costs of seeking licensees of the IPR’s or other parties to be involved in Commercialisation of the IPR’s; costs of monitoring compliance with Commercialisation Agreements and collecting money owing under them; relevant pre-approved travel, insurance or transportation costs; government fees, taxes (other than income and withholding taxes), duties, charges or imposts paid or payable in relation to Commercialisation Income net of input tax credits; and any other out-of-pocket expenses and pre-approved costs as agreed between the Parties incurred by the Lead Party in carrying out Commercialisation of the IPR’s.
Commercialisation Costs means all necessary and/or reasonable costs incurred during commercialisation of Intellectual Property, including but not limited to:
Commercialisation Costs means costs incurred by the Administering Institution in the course of the protection, maintenance and enforcement of the Notified IP and the Commercialisation of the Notified IP being:
(a) legal fees and cost incurred for external attorneys for filing and prosecution of patents, trademarks or other registered rights, maintenance, defence and enforcement;
(b) fees and costs incurred for external expert advice (including but not limited to legal, tax, business or Commercialisation) not to exceed $20,000;
(c) revenue shares agreed to be disbursed to external organisations involved in the creation of the Notified IP;
(d) royalties or other payments for licences required to Commercialise the Notified IP;
(e) revenue shares required to be distributed under Administering Institution policy sharing arrangements, and
(f) all taxes paid and payable by the Administering Institution in respect of Commercialisation of the Notified IP;
Commercialisation Costs means costs incurred (i.e., paid or accrued) after the Closing Date attributable to Commercialisation [***] (except as expressly provided in this Agreement) but, including those costs associated with [***]
Commercialisation Costs means all costs and disbursements incurred by the University in connection with the Commercial Exploitation of Intellectual Property. Commercialisation costs include, but are not limited to, the costs of managing, registering, protecting and enforcing Intellectual Property rights, creation of prototypes, models and samples, research and development, proof of concept development, insurance, legal, financial and technical advice, marketing and travel, and other such expenses associated with carrying out that business activity.
Commercialisation Costs means the reasonable direct or actual out of pocket costs incurred by the Commercialisation Party:
Commercialisation Costs means all reasonable out of pocket expenses incurred by the Administering Institution in the course of the protection, maintenance, enforcement and Commercialisation of the Award IP, being: legal fees and cost incurred for external attorneys for filing and prosecution of patents, trademarks or other registered rights, maintenance, defence and enforcement; fees and costs incurred for external expert advice (including but not limited to legal, tax, business or Commercialisation); revenue shares agreed to be disbursed to external organisations involved in the creation of the Award IP; royalties or other payments for licences required to Commercialise the Award IP; revenue shares required to be distributed under Administering Institution policy sharing arrangements, and all taxes paid and payable by the Administering Institution in respect of Commercialisation of the Award IP; Commercialise means in relation to Intellectual Property, to do or seek to do any one or more of the following: manufacture, sell, hire or otherwise exploit a product or process embodying or utilising the Intellectual Property; provide a service incorporating that Intellectual Property; license, assign, grant an option or otherwise transfer to any third party to do any of those things identified at clause 1.1(18)(a) or (18)(b); or otherwise exploit that Intellectual Property, with the intention of generating revenue or obtaining financial gain, and includes any necessary preparatory acts such as seeking to register or obtain grant of that Intellectual Property;