Development Funding. 1. New Product Programs that are approved by the Advisory Board shall be funded as follows: (a) [*] for New Product Programs that are * Confidential treatment has been requested for marked portion intended to develop Products that shall be marketed and sold in the Territory and NAFTA, or (b) [*] for New Product Programs that are intended to develop Products that shall be marketed and sold only in the Territory. 2. For development work conducted by Focal and funded by Ethicon, Ethicon shall pay to Focal an amount to be agreed upon by the parties, intended to cover the direct and indirect expenses incurred by Focal in the conduct of a New Product Program.
Appears in 3 contracts
Sources: Distribution, License and Supply Agreement (Focal Inc), Distribution, License and Supply Agreement (Focal Inc), Distribution, License and Supply Agreement (Focal Inc)