Principal Product definition
Examples of Principal Product in a sentence
In addition, Buyer will use the Supporting Software only in conjunction with the related Principal Product.
If the Products include software from Seller (“Software”), Seller grants Buyer a nonexclusive, perpetual license to use the Supporting Software only on and in conjunction with the Principal Product, and all Software as otherwise provided in this Agreement and any license agreement embedded in or delivered with the Software.
Buyer may transfer the license for Supporting Software if transferring the related Principal Product pursuant to the terms of Section 1.
By way of example, if in a certain year, the Net Sales of the Principal Product which is subject to the royalty payment is [*] and the Net Sales of the Reserve Product which is subject to the royalty payment is [*], then the amount of royalty for such year pursuant hereto is, [*].
Each Party shall provide the other Party with access to the protocol for human clinical trials and pre-clinical animal trials of the Principal Products or Injection Catheter and access to and use of the clinical trial data and results, in each case on an ongoing basis, solely for use in connection with seeking necessary Approvals for use of the Principal Product.
Except as required by applicable law, Faes shall not communicate directly with the FDA or any other Regulatory Authority in the Inspire Principal Territory relating to any Principal Product or in the Inspire Ophthalmic Territory relating to any Inspire Ophthalmic Product, without the prior written consent of Inspire.
Buyer may transfer the license for Supporting Software if transferring the related Principal Product pursuant to the terms of Secti on 1.
Two Million U.S. Dollars ($2,000,000) upon completion of the first Phase 3 Clinical Trial of a Principal Product comprising an oral tablet formulation for the Primary Indication conducted by or on behalf of Inspire in the United States in which the Principal Product’s results are significantly better than the results for placebo in such Phase 3 Clinical Trial.
Items of the Principal Product Configuration will be purchased by GTM&L from NS for fulfillment of orders received by GTM&L in accordance with Section 2.2 hereinabove.
Each Party shall advise the other Party of any governmental communication, inspection or report or Law relating to a Product or Injection Catheter of which it is aware and which might reasonably be expected to affect the Principal Product or Injection Catheter.