Examples of Competing Product in a sentence
During the Term of this Agreement: (a) MOA and each of its Affiliates shall not, by itself or with or through any Third Party and (b) Elevai and each of its Affiliates shall not, by itself or with or through any Third Party, directly or indirectly develop, or license a Third Party to Develop a Competing Product.
During the Term, each Party shall not, directly or indirectly, including through its Affiliates, research, develop, manufacture, file, or Commercialize any Competing Product in the Territory.
If the Credit Party or any of its Subsidiaries develops or obtains rights to any approved product that is a Competing Product in the United States, or any product candidate that if approved by a Regulatory Agency would be a Competing Product in the United States at any time on or prior to the Term Loan Maturity Date, in any case, the Parties agree that the definition of Product will be deemed to include such Competing Product.
Each Party shall promptly notify the other Party in writing of any alleged or threatened infringement of the [**] in any jurisdiction in the Territory based on the development, commercialization or an application to market a product containing an IL-12 Molecule or any IL-12 Product or Competing Product (including any Biosimilar Product) of which such Party becomes aware (a “Competitive Infringement”).
In the event a Party brings a Competing Product Infringement action in accordance with this Section 7.4 (the “Controlling Party”), such Controlling Party shall keep the other Party reasonably informed of the progress of any such action, and the other Party shall cooperate fully with the Controlling Party, at the Controlling Party’s request and expense, including by providing information and materials and, if required to bring such action, the furnishing of a power of attorney or being named as a party.