Commercialisation Costs definition

Commercialisation Costs means costs incurred by the University in the course of the protection, maintenance and enforcement of the IP and the Commercialisation of the IP being:

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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 expenditure incurred in advancing a project to a final investment decision.

Examples of Commercialisation Costs in a sentence

The Licensee shall solely incur all Commercialisation Costs in Commercialising the Joint IP and Joint Technology.
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.
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).
Alternatively, the Lead Party may arrange for any Net Commercialisation Income owing to the Supporting Party to be paid to the Supporting Party directly by any licensee out of the monetary proceeds from Commercialisation of the IPRs. Pursuant to reimbursement of Commercialisation Costs, the Parties may mutually agree to hold all or a portion of any remaining Net Commercialisation Income in anticipation of future Commercialisation Costs.
Apart from the obligation to share Commercialisation Costs in relation to any Exploitation Agreements and apart from the obligations accrued prior to termination, the Parties will have no further rights or obligations under this Agreement after effective termination.

More Definitions of Commercialisation Costs

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;

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 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 costs reasonably incurred by a party with respect to the Commercialisation of Project IP and includes patent, trade mark, design, due diligence and legal costs and any other IP Rights application and registration 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 the reasonable direct or actual out of pocket costs incurred by the Commercialisation Party:

Commercialisation Costs means all necessary and/or reasonable costs incurred during commercialisation of Intellectual Property, including but not limited to: (a) Intellectual Property registration and prosecution; (b) legal; (c) other professionals giving rise to Commercialisation revenue; (d) related travel and accommodation by UKM Employee/s and/or others involved; (e) incurred taxes and (f) UKM Technology Sdn. Bhd. management fee.