Common use of PURPOSE AND SCOPE OF COLLABORATION Clause in Contracts

PURPOSE AND SCOPE OF COLLABORATION. In accordance with the terms described herein, the Parties agree to collaborate on an exclusive basis in the Development and Commercialization of Product in the Field (the "COLLABORATION"). The Development obligations of each Party, and budget for Development activities, will be set forth in the Development Plan. The Co-Promotion obligations of the Parties and their respective rights as to certain other matters will be set forth in the Related Agreements. The Parties agree at all times to act in good faith and in a cooperative manner, to share all information reasonably necessary to facilitate each Party's performance of its obligations hereunder, and to use reasonable efforts to reach consensus on decisions contemplated under this Agreement. The Commercialization obligations of each Party, and budget for Commercialization activities, will be set forth in the Commercialization Plan.