FULL DEVELOPMENT definition
Examples of FULL DEVELOPMENT in a sentence
Thereafter, JANS▇▇▇ ▇▇▇ 45 terminate this LICENSE AGREEMENT in its entirety at any time during FULL DEVELOPMENT upon three (3) months' written notice to ILEX, at no further expense to JANS▇▇▇ ▇▇▇ond any expenses incurred during such three (3) month notice period.
The parties recognize the importance of publishing the information developed in the FULL DEVELOPMENT Program under the provisions of this Agreement.
LIGAND's right to develop and commercialize shall not come into effect if SB, an AFFILIATE, or a sublicensee is diligently conducting EXPLORATORY DEVELOPMENT or FULL DEVELOPMENT of a COMPETING PRODUCT in the affected country or diligently marketing a COMPETING PRODUCT in such country.
Within thirty (30) days after the end of each six (6) month period following the commencement of EXPLORATORY DEVELOPMENT by SB of the first RESEARCH COMPOUND, SB shall provide to LIGAND a reasonably detailed written summary report which shall describe the progress of the EXPLORATORY DEVELOPMENT and/or FULL DEVELOPMENT of RESEARCH COMPOUNDS and PRODUCTS under this Agreement.
LIGAND may undertake FULL DEVELOPMENT at its own expense, but only under the terms and conditions as provided by ARTICLE 6 herein.
SB shall keep LIGAND informed as to the progress of the EXPLORATORY DEVELOPMENT and FULL DEVELOPMENT of all RESEARCH COMPOUNDS and PRODUCTS under this Agreement and the filing and obtaining of the approvals necessary for marketing.
If requested by the other party, LIGAND and SB shall cause appropriate individuals working on the RESEARCH PROGRAM, EXPLORATORY DEVELOPMENT or FULL DEVELOPMENT to be available ***Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.
If SB has abandoned or elected not to develop or commercialize such RESEARCH COMPOUND or PRODUCT, then SB additionally shall inform LIGAND in writing whether it is diligently conducting EXPLORATORY DEVELOPMENT or FULL DEVELOPMENT with respect to, or diligently marketing, a COMPETING PRODUCT, and if so requested, shall provide a reasonable explanation of its efforts with respect to such COMPETING PRODUCT.
It is understood and agreed by the parties that, except for Transferred Technology, the Agreement does not grant to either party any license or other right in basic technology of the other party except to the extent necessary to enable the parties to carry out their part of the RESEARCH PROGRAM, EXPLORATORY DEVELOPMENT, FULL DEVELOPMENT, manufacture, marketing and sales of RESEARCH COMPOUNDS and PRODUCTS.
To the extent SB undertakes FULL DEVELOPMENT of a RESEARCH COMPOUND, the obligations of SB with respect to such RESEARCH COMPOUND under this ARTICLE 5 are expressly conditioned upon prioritization by SB and the continuing absence of any adverse condition *** relating to the safety or efficacy or commercial feasibility of that RESEARCH COMPOUND, and such obligations shall be delayed or suspended so long as any such condition or event exists.