Reserved Field definition
Examples of Reserved Field in a sentence
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).
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.
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.
For a time period of one year immediately following the Effective Date, neither Intrexon nor its Affiliates shall make the Intrexon Channel Technology or Intrexon Materials available to any Third Party for the purpose of developing or Commercializing products in the Reserved Field, and neither Intrexon nor any Affiliate shall pursue (either by itself or with a Third Party or Affiliate) the Commercialization of any product for purpose of commercial use or sale in the Reserved 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.