Commercialization in the Territory Sample Clauses
The 'Commercialization in the Territory' clause defines the rights and obligations of the parties regarding the marketing, sale, and distribution of products or services within a specified geographic area. Typically, this clause outlines which party is responsible for commercial activities, sets performance milestones or sales targets, and may restrict or permit sublicensing or third-party involvement within the territory. Its core function is to ensure clarity and prevent disputes by clearly delineating who has the authority and responsibility to commercialize the product in the defined region, thereby protecting the interests of both parties and optimizing market strategy.
Commercialization in the Territory. Microbia and Forest shall commercialize the Products in accordance with the Commercialization Plan as follows:
Commercialization in the Territory. (a) Licensed Products in the Sanofi Field. Sanofi will be solely responsible for all aspects of the Commercialization of Licensed Products, at its expense, in the Sanofi Field in the Territory and [***].
(b) Licensed Products in the KaloBios Field. KaloBios shall be solely responsible for Promotion of Licensed Products, at its expense, in the KaloBios Field in the Territory. Sanofi will be solely responsible for all other aspects of the Commercialization of Licensed Products, at its expense, in the KaloBios Field in the Territory, [***]. Sanofi shall be entitled to deduct the costs and expenses of such Commercialization activities from amounts paid to KaloBios in respect of the sale of Licensed Products in accordance with the terms of Section 8.6.
Commercialization in the Territory. Subject to the terms and conditions of this Article 7, ARES TRADING shall be responsible for all aspects of the Commercialization of the Products in the Field in the Territory ARES TRADING shall bear all of the costs and expenses incurred in connection with such Commercialization activities.
Commercialization in the Territory. Subject to the terms and conditions of this Article 8, Servier shall be responsible for all aspects of the Commercialization of the Licensed Products in the Field in the Territory. Servier shall bear all of the costs and expenses incurred in connection with such Commercialization activities. [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Commercialization in the Territory. Licensee or its Sublicensee(s) shall have the sole right to commercialize the Products in the Territory and shall use Commercially Reasonable Efforts to commercialize the Product in the Territory for use in the Field.
Commercialization in the Territory. ▇▇▇▇▇▇▇ Commercialization Efforts. ▇▇▇▇▇▇▇ shall warehouse and distribute the Product in the Territory and shall be responsible for recording sales and handling all aspects of Product order processing, invoicing, collection, inventory and receivables in the Territory. In this work and in all other aspects of Commercialization of the Product in the Territory, ▇▇▇▇▇▇▇ shall use Diligent Efforts, including without limitation by [***] Except relating to the philanthropic and access programs and activities pursuant to Article 6, ▇▇▇▇▇▇▇ will use Diligent Efforts to maximize Net Sales of Products in the Territory through its commercial marketing, pricing and contracting strategies [***] ▇▇▇▇▇▇▇ shall bear all of its own costs and expenses of Commercializing the Product in the Territory.
Commercialization in the Territory. (a) Nycomed’s Responsibilities. Nycomed shall be solely responsible for Commercializing Product in the Territory. Nycomed shall use Diligent Efforts to Commercialize Product in the Territory and to carry out its obligations under this Agreement in all Countries in the Territory where Regulatory Approvals have been obtained.
Commercialization in the Territory. Subject to Micromet’s U.S. co-promotion rights described below, BI will be responsible at its costs for all aspects of the Commercialization of Products in the Field in the Territory, including (a) marketing and promotion; (b) booking sales and distribution and performance of related services; (c) handling all aspects of order processing, invoicing and collection, inventory and receivables; (d) providing customer support, including handling medical queries, and performing other related functions; and (e) ensuring that its practices and procedures comply with Applicable Laws relating to the Commercialization of the Product in the Field and the Territory.
4.1.1 Co-Promotion in U.S. BI and Micromet will have the rights and responsibilities for co-promoting the Products in the U.S. in the Field in accordance with this Agreement and the U.S. Commercialization Plan, as provided in this Section 4; provided, however, that, during the Co-Promotion Term, the terms of the Co-Promotion Agreement will apply to the Parties’ co-promotion of the Product in the U.S. [***] will be responsible for supporting the sales functions of [***] (including, without limitation, by providing Product samples, if any, promotional materials, sales force training, and the like). [***] will bear [***] costs related to the Commercialization of Products in the U.S., except that [***] will bear [***] incurred in connection with its activities according to the U.S. Commercialization Plan, including its [***] of [***] in the U.S. under the Co-Promotion Agreement.
Commercialization in the Territory. NeuroBo shall use [**] to, at its own cost and expense, Commercialize (including, for the avoidance of any doubt, sublicense or subcontract pursuant to Section 2.5) upon receiving Regulatory Approval the Licensed Products in the applicable Field in the jurisdictions in the Territory or jurisdictions set forth in the Commercialization Plan and achieve first commercial sale of the Licensed Products on a timely basis after obtaining marketing approval in each applicable jurisdiction where approval is received. If Dong-A reasonably believes that NeuroBo is not using its [**] to Commercialize a particular Licensed Product in the applicable Field in the Territory, it may provide written notice to NeuroBo specifying in reasonable detail the underlying reasons for Dong-A’s belief. In the event that NeuroBo fails to provide reasonable written assurances to Dong-A within [**] of its receipt of such written notice that it (a) is using its [**] currently to Commercialize such Licensed Product in the applicable Field in the Territory, or (b) will Commercialize such Licensed Product in the applicable Field in in the Territory within a time period to be agreed upon by the Parties that is reasonable under the circumstances, then NeuroBo shall be considered to be in material breach of the Agreement and Dong-A shall have the right to terminate pursuant to Section 15.2.
Commercialization in the Territory. TGTX shall have the sole right and responsibility for Commercializing the Product in the Territory, as provided in this Article 5. TGTX shall book all sales of the Product in the Territory. The Parties shall share equally all Commercial Expenses incurred by the Parties in connection with such Commercialization in accordance with the procedures described in Section 8. TGTX shall use diligent efforts to minimize Commercial Expenses.