Examples of Field of Use 2 in a sentence
Field of Use 1: Military, public safety, intelligence, national security, and homeland security, including chemical and biological warfare defense and explosives detection, whether such use is by public (governmental) employees, agencies or authorities or private entities; Field of Use 2: Clinical diagnostics, medical instrumentation, and analytical instruments for life sciences applications; Field of Use 3: Industrial process monitoring; and Field of Use 4: Food and environmental testing and safety.
For clarity: Licensed Field of Use 1 applies to Licensed Patent Rights Group A only; Licensed Field of Use 2 applies to Licensed Patent Rights Group B only; Licensed Field of Use 3 applies to Licensed Patent Rights Group C only; Licensed Field of Use 4 applies to Licensed Patent Rights Group D only; and Licensed Field of Use 5 applies to Licensed Patent Rights Group E only.
A development plan setting forth Licensee’s plan for bringing the subject matter of the Patent Rights to practical application in Field of Use 2 is attached hereto as Schedule 2 (as amended from time to time pursuant to this Agreement, the “Development Plan”).
In the event Licensee sublicenses any of the Licensed Technology in Field of Use 2, DFCI shall be entitled to receive 25% of all net Sublicense Fees payable to Licensee in connection with such sublicense.
This Agreement is intended to establish a relationship between EchoCath and Medtronic in the area of the Field of Use, wherein Medtronic may (1) have access to EchoCath technology and development personnel for developing new products in the Field of Use; (2) purchase certain EchoCath products, and (3) obtain rights under the EchoCath Patents and know-how which are included in the Licensed Technology.
The Development Plan must (i) be consistent with Licensee’s general diligence obligations set forth in Section 5.1(a), (ii) set forth the particular Royalty Bearing Products and practical applications of Royalty Bearing Products that Licensee intends to develop in Field of Use 2, (iii) cite Licensee’s specific goals and objectives for developing or commercializing the Patent Rights, and (iv) outline Licensee’s plan for achieving the specific diligence obligations set forth in Section 5.1(c) below.
If at any time in the development or commercialization process Licensee decides not to exploit a particular Licensed Product or Licensed Service in Field of Use 2, either by itself, with an Affiliate or through sublicensing, it shall promptly inform DFCI in writing.
If, despite their good faith negotiation, the Parties have not reached an agreement on an adjustment within [***] days following the date specified in Section 5.1(c) and Licensee has not otherwise met the Diligence Benchmark, then DFCI may terminate the exclusive license granted to Licensee for Field of Use 2 under Section 2.1(a) of this Agreement.
DFCI may terminate the exclusive license granted to Licensee for Field of Use 2 under Section 2.1(a) of this Agreement if Licensee fails to comply materially with any of the diligence obligations provided for in [***], and Licensee has not cured the default by satisfying such obligation within [***] days of receiving written notice of default from DFCI.