Common use of First Phase Clause in Contracts

First Phase. During the First Phase, with respect to a particular jurisdiction, Bioverativ shall forecast Drug Substance, Drug Product and Finished Goods that are packaged and labelled for sale by Biogen or by a Third Party designated by Biogen as agreed by the Parties. Biogen or such designated Third Party will distribute, sell and have sold such Finished Goods under Biogen’s or such Third Party’s necessary authorizations and licenses for the marketing of prescription biopharmaceutical products in any applicable territory. For the avoidance of doubt, during the First Phase, title to such Finished Goods shall not transfer from Biogen to Bioverativ.