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.
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.
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).
OBLIGATIONS Distribution of Commercialisation Income Out of any Commercialisation Income, the Commercialisation Costs and Commercialisation Handling Fee (if applicable) are to be paid in the following order of priority: first, any un-reimbursed Commercialisation Costs which are not Registration Costs, are to be paid to the Lead Party; second, the Commercialisation Handling Fee (if applicable) is to be paid to the Lead Party.

More Definitions of Commercialisation Costs

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: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 IP;revenue shares required to be distributed under Benefit Sharing Arrangements;royalties or other Licence or other payments for Licences required to Commercialise the IP;re-payments of funds to the Griffith Enterprise Innovation Fund or other such internal University funded schemes; and,all taxes paid and payable by the University in respect of Commercialisation of the 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 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 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 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.

Commercialisation Costs means expenditureincurred in advancing a project to a final investment decision.

Commercialisation Costs means all costs relating to commercial development (including legal costs), IP protection (including registration costs and attorney fees) and marketing.