Palomar Technology definition
Examples of Palomar Technology in a sentence
By means of the TTPs, the parties mutually agree that they have shared equitably the risk involved in determining the value of such Palomar Technology and the risk involved in developing and commercializing Female Products (including the risk involved in creating a new market sector).
The parties further understand and agree that Palomar has expended significant effort and capital to develop such Palomar Technology and without it, the parties would not be able to commercialize Female Products in the time-frame or manner contemplated by this Agreement.
The parties understand and agree that the Development Completion Payments are made for partial reimbursement of costs expended by Palomar for its development of Palomar Technology prior to the Effective Date, as further described in Section 6.1(e)(i).
During the Restricted Access Period, Palomar shall not be required to disclose to ▇▇▇▇▇▇▇▇ or any ▇▇▇▇▇▇▇▇ representative serving on the R&D Committee any data or information concerning any Female Product, Palomar Technology or any other Information and Inventions, other than that data and information with respect to which ▇▇▇▇▇▇▇▇ has a right of evaluation during such period pursuant to Section 1.3(a)(i), or as the parties may otherwise mutually agree.
As further reimbursement to Palomar for its development and disclosure of Palomar Technology as described in Section 6.1(e)(i) and in partial consideration of the exclusivity granted by Palomar to ▇▇▇▇▇▇▇▇ pursuant to ARTICLE IV and ARTICLE V, ▇▇▇▇▇▇▇▇ shall pay Palomar the Annual Exclusivity Collaboration Payments (as defined below) set forth in this Section 6.1(g).
For the avoidance of doubt, ▇▇▇▇▇▇▇▇ shall not have any obligation to reimburse Palomar for any costs or expenses incurred by Palomar prior to the Effective Date in connection with Palomar Technology, Palomar Male Technology or Female Product Technology, unless otherwise expressly provided herein.
The parties understand and agree that Palomar shall disclose to ▇▇▇▇▇▇▇▇ a substantial amount of Palomar Technology developed before the Effective Date.
During the Restricted Access Period, ▇▇▇▇▇▇▇▇ shall have access to clinical and safety data relating to the First Female Product, but no Palomar Technology or other Information and Inventions owned or Controlled by Palomar.
The parties acknowledge and agree that all commercialization decisions, including decisions relating to which, if any, of the Palomar Technology, Joint Technology or ▇▇▇▇▇▇▇▇ Technology shall be incorporated in, or used to Manufacture, Female Products, and ▇▇▇▇▇▇▇▇’▇ Exploitation and pricing of the Female Products, shall be within the sole discretion of ▇▇▇▇▇▇▇▇.
All rights in and to Palomar Technology, Palomar Male Technology, Palomar U.S. Regulatory Documentation, or Palomar’s right, title, and interest in and to the Joint Technology, which are not expressly provided to ▇▇▇▇▇▇▇▇ in this Agreement, shall be retained by Palomar.