Examples of Original Product in a sentence
Further, notwithstanding Seller’s right to develop an Original Product as set forth within this Section 1.6, Seller, during the term of this period, shall have no right to market, distribute or sell an Original Product or any other product in violation of this Section 1.6, directly or indirectly, except as set forth in this Section 1.6.
The parties acknowledge that Distributor has previously purchased 30,000 Units of Original Product and anticipates purchasing 50,000 additional Units within the next six months, all of which it desires to repackage and reassemble into Promo Units of the Promo Footcare Product (the “Repackaged Promo Units”).
C4T shall have the right and responsibility for all regulatory affairs related to Phase I Completed Original Products, including filing the IND in the US for each such Phase I Completed Original Product.
For example, in the event that further clinical development of a Licensed Product with respect to which one or more milestones payments have been made (an “Original Product”) is halted, and such Licensed Product is replaced in development by a different Licensed Product (a “Backup Product”), then such Payor shall not be obligated to make any payments with respect to milestones achieved by the Backup Product for which such Payor has already made a milestone payment with respect to the Original Product.
After exercise of the Roche Option with regard to a Phase I Completed Original Product, C4T shall transfer the IND to Roche.