Common use of Line Extension Products and New Products Clause in Contracts

Line Extension Products and New Products. 2.10.1 Except as set forth in Section 2.10.3, BMSLC shall have no obligation, express or implied, to develop new formulations, dosages, forms of administration, or preparations for the Products. 2.10.2 Once WC has obtained any regulatory approvals that may be required, if any, to market a Line Extension Product in any country, such Line Extension Product shall be included as a Product under this Agreement and the Parties shall amend Schedule 1.1.A to reflect the inclusion of such Line Extension Product. 2.10.3 During the Term, upon request by WC, BMSLC shall provide WC with a reasonable level of technological assistance and consultation in support of WC's development and regulatory efforts in connection with all Line Extension Products and New Products, including those services set forth in Schedule 2.10.3(B). WC will reimburse BMSLC and its Affiliates for their fully-burdened costs associated with such development and regulatory efforts, including without limitation, capital expenses, equipment and supplies, personnel costs and reasonable out-of-pocket expenses. Any and all rights arising out of any development work under this Section shall be owned by WC regardless of inventorship, and to the extent that BMSLC or its Affiliates or any of their employees or consultants acquire rights in or to any such developments, BMSLC shall, or shall ensure that its Affiliates or their employees or agents shall, promptly take such actions and execute such documents as may be necessary to assign such rights to WC or WC's designee.

Line Extension Products and New Products. 2.10.1 Except as set forth in Section 2.10.3, BMSLC shall have no obligation, express or implied, to develop new formulations, dosages, forms of administration, or preparations for the Products. 2.10.2 Once WC has obtained any regulatory approvals that may be required, if any, to market a Line Extension Product in any country, such Line Extension Product shall be included as a Product under this Agreement and the Parties shall amend Schedule 1.1.A to reflect the inclusion of such Line Extension Product. 2.10.3 During the Term, upon request by WC, BMSLC shall provide WC with a reasonable level of technological assistance and consultation in support of WC's development and regulatory efforts in connection with all Line Extension Products and New Products, including those services set forth in Schedule 2.10.3(B2.10.3 (B). WC will reimburse BMSLC and its Affiliates for their fully-burdened costs associated with such development and regulatory efforts, including without limitation, capital expenses, equipment and supplies, personnel costs and reasonable out-of-pocket expenses. Any and all rights arising out of any development work under this Section shall be owned by WC regardless of inventorship, and to the extent that BMSLC or its Affiliates or any of their employees or consultants acquire rights in or to any such developments, BMSLC shall, or shall ensure that its Affiliates or their employees or agents shall, promptly take such actions and execute such documents as may be necessary to assign such rights to WC or WC's designee.