Fresenius Parties definition
Examples of Fresenius Parties in a sentence
Neither the Fresenius Parties nor Licensor shall act or attempt to act, or represent itself, directly or by implication, as agent, joint venturer, partner or representative of the other or in any manner assume or attempt to assume or create any obligation or liability of any kind, nature or sort, express or implied, on behalf of or in the name of the other.
The relationship between the Fresenius Parties and Licensor is that of independent contractors and neither this Agreement nor any act of the parties hereunder or in accordance herewith creates or shall create any relationship of agency, master and servant, employment, partnership, or joint venturers between the parties hereto or between a party and the employees of the other.
In the event that any material disclosure under (a) or (b) occurs, Licensor or the Fresenius Parties (as applicable) shall after receiving knowledge thereof promptly notify the Fresenius Parties or Licensor (as applicable) of the occurrence of such event.
Any such action shall be taken within ten (10) business days after receipt of the materials for review from the Fresenius Parties.
The Fresenius Parties shall make all such records available for review at their respective offices by Licensor's representatives, at Licensor's expense, at reasonable times and on reasonable prior notice.
The Fresenius Parties acknowledge that the Licensor shall have the right to manufacture, have manufactured, use, distribute and sell the Product in the Territory upon the expiration of the term of this Agreement specified in Section 16.1.
The Fresenius Parties shall provide such personnel and services with respect to each phase of the Clinical Trials Program as shall be appropriate for such phase and shall use all reasonable efforts to implement and complete the Clinical Trials Program as soon as reasonably practicable in light of applicable regulatory requirements.
The Fresenius Parties shall also maintain insurance with reputable insurers against product liability and risks relating to clinical trials during the term of this License and for five years thereafter.
The Fresenius Parties shall keep at their respective principal places of business accurate records relating to the Product, including without limitation manufacturing records, test records, clinical records (including adverse events) and records of total Unit Sales, categorized by territory, and of Net Sales in the U.S. Territory, in accordance with Fresenius GmbH's customary practices and applicable legal requirements.
Licensor will turn over and deliver to Licensee and Fresenius GmbH promptly all results of the work conducted in the clinical trials conducted by them as well as all material preclinical, clinical, regulatory, commercial and other scientific or technical information known by Licensor, concerning the Product, and therapy utilizing the Product, during the term of this Agreement, to the extent not previously delivered by Licensor to the Fresenius Parties.