Common use of Sole Territory Clause in Contracts

Sole Territory. In its Sole Territory, each Party and its Affiliates may use any trademark(s) they choose, including the Collaboration Product ▇▇▇▇ selected by the JCC, for use with Collaboration Product in the Shared Territory, provided, however, that each Party shall use Commercially Reasonable Efforts to use such selected Collaboration Product ▇▇▇▇ in its Sole Territory, unless on a country-by-country basis such Party otherwise reasonably determines that use of such Collaboration Product ▇▇▇▇ in a particular country in the Territories would not be permitted by Law or would not be beneficial from a commercial perspective.

Appears in 3 contracts

Sources: Co Development and Commercialization Agreement, Co Development and Commercialization Agreement (Acucela Inc.), Co Development and Commercialization Agreement (Acucela Inc)