Examples of Reserved Field in a sentence
The terms of this second exclusive channel collaboration agreement will be subject to good faith negotiation of the parties with respect to any terms relating to consideration (up-front, milestones, and royalty payments) that will be due to Intrexon, the scope of exclusive field within the Reserved Field, and the relative rights of the Parties to continue products following any termination, but otherwise will contain similar terms, rights and obligations of the parties as set forth herein.
Without limiting the generality of the foregoing, Ampliphi acknowledges that, except as set forth in Section 2.1(b) with respect to the Reserved Field, Intrexon has all rights, in Intrexon’s sole discretion, to use or make the Intrexon Materials, Intrexon Channel Technology (including any genetic materials used in an Ampliphi Product), and Intrexon IP available to Third Party channel partners or collaborators for use in fields outside the Field.
Intrexon and Ampliphi desire to provide a limited time period for the Parties after the Effecive Date to consider entering into a second exclusive channel collaboration agreement pertaining to certain veterinary applications in the Reserved Field.
For clarity, nothing in the preceding sentence, however, shall prevent Intrexon from performing general research and development that may be applicable to the Reserved Field.
During the one-year period following the Effective Date, Intrexon will not propose, negotiate, or enter into any collaboration or Commercialization agreement with a Third Party within the Reserved Field, and will, at Ampliphi’s request, enter into negotiations directed toward the execution of a second exlcusive channel collaboration between the parties, which second exclusive channel collaboration will be directed to the Reserved Field (or a subset of the Reserved Field as mutually agreed by the Parties).