Trusted Person definition
Examples of Trusted Person in a sentence
Trusted Person An employee, contractor, or consultant of an entity, responsible for managing infrastructural trustworthiness of the entity, its products, its services, its facilities, and/or its practices.
If the Proposed Target is a Blocked Target, then (a) the Trusted Person shall not disclose the identity of the Proposed Target to HDPR, including in its written notice and (b) MAGENTA will not be deemed to have used one (1) of its Exclusive Research Option Rights with respect to such Target.
The Trusted Person should write their name and designation, sign it and date it.
HDPR will provide the Trusted Person with an up-to-date written list of all Blocked Targets.
If the Proposed Target is not a Blocked Target, then (i) the Trusted Person will disclose the identity of the Proposed Target in its written notice to the Parties, (ii) MAGENTA will be deemed to have used one (1) of its Exclusive Research Option Rights with respect to such Proposed Target, (iii) MAGENTA will pay the Research Target Fee as set forth in Section 9.1.2(a) and (iv) from and after the date of the Trusted Person’s written notice, such Proposed Target shall constitute an Exclusive Research Target.