Common use of Purpose of Collaboration Clause in Contracts

Purpose of Collaboration. The purpose of the Collaboration is to conduct research, product development and clinical activities and seek Regulatory Approvals related to Products in the Territory and to commercialize Products in the Territory. The parties will collaborate exclusively with each other with respect to the development and commercialization of the Products in the Territory and the Field. The parties intend to share equally in certain costs of developing Products in the Major Markets and in any ultimate Operating Profits or Losses.