Terminated Territory definition
Examples of Terminated Territory in a sentence
If a Reversion Product is marketed in any country of the Terminated Territory on the date of the notice of termination of this Agreement, upon the request of Schrӧdinger, Novartis shall transfer all existing and available amount of such Reversion Product to Schrӧdinger in consideration for Schrödinger’s payment of Novartis’s fully burdened Manufacturing cost and transfer costs (including shipping).
Novartis shall assign and transfer all clinical study agreements that are solely related to the Terminated Products in the Terminated Territory, to the extent such Third Party agreements have not been cancelled and are assignable without Novartis paying any consideration or commencing litigation in order to effect an assignment of any such agreement.