Common use of Assistance by InNexus Clause in Contracts

Assistance by InNexus. INNEXUS shall use best efforts consistent with prudent business practices to lend assistance on an “as needed” basis and at the request of CORIXA, for such compensation and on such terms and conditions as the parties may reasonably agree to, during the commercialization phase of the Products in the USA and Canada. Best efforts for INNEXUS under this Section 5.2 means the standard of effort consistent with the efforts established by public biotechnology companies devoted to significant general practice products of similar market potential derived from internal research programs.

Appears in 2 contracts

Sources: License Agreement (Innexus Biotechnology Inc), License Agreement (Innexus Biotechnology Inc)