FPT Products definition
Examples of FPT Products in a sentence
Menicon will use its commercially reasonable efforts to enter into or have a Menicon Affiliate enter into one or more License Agreements with third parties providing for the commercial exploitation of FPT Patents or the production and sale of FPT Products outside of Japan as soon as commercially feasible after the Closing Date, it being understood that the terms of any such License Agreement will be determined at the discretion of Menicon in negotiations with such third parties.
From the Closing Date until the one year anniversary following the Closing Date, the Contacts Parties shall reimburse Menicon up to a maximum of [***] for the cost of any additional production line drawings, proof of principle projects or equipment specifications required for the development of a production manufacturing line for FPT Products, provided the drawings, projects or specifications are prepared by [***] for Menicon.