Examples of Product area in a sentence
Subject to the terms and conditions contained in this Agreement, and in consideration for the research and development of Products by THI for commercialization by Miromatrix, Miromatrix grants to THI an exclusive, even as to Miromatrix, non-transferrable, non-sub-licensable, worldwide license under the Miromatrix Patents for performance of research in the Product Area and the development of Products in accordance with the terms and conditions hereinafter set forth.
THI will promptly notify Miromatrix of any inventions or discoveries in the Product Area that lead to the filing of THI Patent applications.
THI believes the Research may fxxxxx developments in the Product Area (as defined below).
THI agrees to use reasonable commercial efforts, consistent with sound and reasonable judgment and practices as customary in the medical device and biological products industries, at its cost and expense, to perform product development in the Product Area and to develop the Products.
THI shall retain nontransferable and non-sublicensable rights to the THI Patents in the Product Area solely for education, research, and product development purposes only; such retained right in the Product Area shall not include the right to supply, conduct clinical trials of, offer to sell, sell, have sold, import or otherwise commercialize or have commercialized any Products, other than as permitted by this Agreement.
Additionally, in the event that Miromatrix receives monies as a result of a lawsuit based on allegations of infringement of, or in exchange for a license to, any of the Miromatrix Patents in the Product Area, Miromatrix shall notify THI of such monies and agrees such monies shall be subject to a royalty payment under this Section 3.1. The Parties agree to negotiate the amount of such payment in good faith.
The Parties contemplate that, from time to time during the Program Term, either Party may desire to undertake a project relating to the research and development of a Diagnostic Product for a Colon Product Area (a "Colon Diagnostic Project").
To the extent that a CDEX customer, distributor, manufacturer, supplier, subsidiary or end-user makes, uses, sells or offers to sell a Licensed Product in the Licensed Product Area, it is understood and agreed that the license grant above will extend to such entity if and only if CDEX has paid a royalty on such Licensed Product in accordance with the payment schedule set forth in Exhibit B to this Agreement.
Subject to the terms and conditions of this Agreement, ASD grants CDEX a worldwide, non-exclusive, non-transferable (except as provided in Section 9 below) license, without the right to sublicense, under the Licensed Patents, to make, have made, use, offer to sell, sell and otherwise distribute and import the Licensed Products in the Licensed Product Area.
Subject to the terms and conditions of this Agreement and for a period of [ * ] commencing on the Effective Date (the "Standstill Period"), each of the Parties hereby covenant not to sue (a) the other Party on any of their respective Standstill Patentx xnd/or (b) each other's customers, manufacturers, suppliers, subsidiaries, end-users or distributors on any of their respective Standstill Patents for activities conducted in the Licensed Product Area.