Common use of Joint Commercialization Clause in Contracts

Joint Commercialization. If the parties jointly decide to proceed with the commercialization of Candidates into Joint Compounds and/or Products incorporating such Joint Compounds, or derivatives thereof, the parties intend to share profits and losses proportionally based on the contribution each party has agreed to make to the total costs of the Development Phase with respect to those Joint Compounds and/or Products. The parties shall negotiate in good faith a commercialization agreement which, in addition to the provisions described in Exhibit D, shall reflect among other matters each party's Interest, Third Party Obligations, reporting requirements, procedures for commercialization and which party is entitled to carry the lead in decision making with respect to product development.