Licensed Field definition
Examples of Licensed Field in a sentence
During the Term of this Agreement, LICENSOR agrees not to compete with LICENSEE in the Territory for the Sale or development of products that use within the Licensed Field; or for the sale or development of product with indications for which Licensed Product seeks or receives Market Approval in the Territory.
LICENSEE shall utilize R&D Work to seek Market Approval to commercialize Licensed Product within the Licensed Field.
LICENSOR and LICENSEE shall jointly determine personnel, including without limitation investigators, principal investigators, study coordinators, research pharmacists, study physicians (“Clinical Study Personnel”) and sites for the conduct of Clinical Studies for the LICENSED PRODUCT within the Licensed Field.
LICENSOR hereby agrees to use commercially reasonable efforts to conduct any and all research and development activities, including without limitation Clinical Studies (“R&D Work”) reasonably necessary to develop Licensed Product within the Territory for use within the Licensed Field, including, without limitation, to obtain Market Approval.
LICENSOR further agrees not to assist any third party in the development, commercialization or Sale of any products for use within the Licensed Field within the Territory.