Female Product definition
Examples of Female Product in a sentence
The Initial R&D Plan has been prepared and the initial R&D Payments have been determined on the assumption that the First Female Product will be a 510(k) Product and not a PMA Product.
In the event that any Regulatory Authority issues or requests a recall or takes similar action in connection with a Female Product, or in the event either party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal, the party notified of or desiring such recall or similar action shall, within twenty-four (24) hours, advise the other party thereof by telephone or facsimile.
Each party shall notify the other party in reasonable detail of any complaint received by it relating to any Female Product within thirty (30) days after receiving the complaint, and in any event in sufficient time to allow such other party to comply with any and all regulatory and other requirements imposed upon it in any jurisdiction in which the Female Product(s) is being marketed.
Notwithstanding anything contained in Sections 6.2(a)(i) and 6.2(a)(ii), in the event that, as of the date of ▇▇▇▇▇▇▇▇’▇ Launch of a ▇▇▇▇▇▇▇▇ Joint Independent Product or Other Independent Product in the Field, Palomar has not obtained Regulatory Approval in the United States for the First Female Product, ▇▇▇▇▇▇▇▇’▇ obligation to make a lump-sum payment to Palomar pursuant to Section 6.2(a)(i) or 6.2(a)(ii), as applicable, shall be deferred until thirty (30) days after such Regulatory Approval is obtained.
In this regard, Palomar shall prepare, file, prosecute and maintain applications to secure Palomar Patents for the Female Product Technology and, unless ▇▇▇▇▇▇▇▇ consents in writing otherwise, any other patentable Palomar Know-How, in the United States and all other PCT member countries and in such non-PCT member countries as ▇▇▇▇▇▇▇▇ may from time to time designate in writing.
Palomar acknowledges that ▇▇▇▇▇▇▇▇ is in the business of researching, developing, Manufacturing, marketing and selling consumer products and nothing in this Agreement shall be construed as imposing on ▇▇▇▇▇▇▇▇ the duty to Exploit or otherwise commercialize any Female Product for which payments are due hereunder to the exclusion of, or in preference to, any other ▇▇▇▇▇▇▇▇ product.
During the Restricted Access Period, ▇▇▇▇▇▇▇▇ shall have access to clinical and safety data relating to the First Female Product, but no Palomar Technology or other Information and Inventions owned or Controlled by Palomar.
In the event that Palomar fails to obtain Regulatory Approval in the United States for the First Female Product, ▇▇▇▇▇▇▇▇ shall have no obligation to make any payment(s) to Palomar pursuant to Sections 6.2(a)(i) and 6.2(a)(ii).
In accordance with the terms of Section 1.3(b)(ii), Palomar shall cooperate with ▇▇▇▇▇▇▇▇ in good faith and assist ▇▇▇▇▇▇▇▇ in obtaining any and all Regulatory Approvals required for ▇▇▇▇▇▇▇▇ or such Third Party to Manufacture each Female Product.
The Seller shall further grant the Buyer’s auditors reasonable access to such data and information.