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6.3 Grants to Plexium .......................................................................................................................... 31 |
6.4 Sublicenses .................................................................................................................................... 31 |
6.5 Distributorships ............................................................................................................................. 31 |
6.6 Co-Promotion Rights ..................................................................................................................... 31 |
6.7 Retention of Rights ........................................................................................................................ 31 |
6.8 Confirmatory Patent License ......................................................................................................... 32 |
6.9 Exclusivity ..................................................................................................................................... 32 |
ARTICLE 7 PAYMENTS AND RECORDS ..................................................................................... 33 |
7.1 Upfront Payment ........................................................................................................................... 33 |
7.2 Substitute Research Program Fee .................................................................................................. 33 |
7.3 Option Payment ............................................................................................................................. 33 |
7.4 Development Milestones ............................................................................................................... 33 |
7.5 First Commercial Sale Milestones ................................................................................................. 34 |
7.6 Sales-Based Milestones ................................................................................................................. 34 |
7.7 Royalties ........................................................................................................................................ 35 |
7.8 Royalty Payments and Reports ...................................................................................................... 36 |
7.9 Other Invoiced Amounts ............................................................................................................... 37 |
7.10 Mode of Payment .......................................................................................................................... 37 |
7.11 Withholding Taxes ........................................................................................................................ 37 |
7.12 Indirect Taxes ................................................................................................................................ 37 |
7.13 Financial Records .......................................................................................................................... 38 |
7.14 Audit .............................................................................................................................................. 38 |
7.15 Audit Dispute................................................................................................................................. 38 |
7.16 Confidentiality ............................................................................................................................... 38 |
7.17 Diagnostic or Veterinary Products ................................................................................................ 38 |
7.18 No Other Compensation ................................................................................................................ 38 |
7.19 No Limitation ................................................................................................................................ 39 |
ARTICLE 8 INTELLECTUAL PROPERTY ................................................................................... 39 |
8.1 Ownership of Intellectual Property................................................................................................ 39 |
8.2 Maintenance and Prosecution of Patents ....................................................................................... 39 |
7.2 Maintenance and Prosecution of Patents ....................................................................................... 41 |
8.3 Enforcement of Patents and Know-How ....................................................................................... 42 |
8.4 Infringement Claims by Third Parties ........................................................................................... 44 |
8.5 Invalidity or Unenforceability Defenses or Actions ...................................................................... 44 |
8.6 Third Party Licenses ...................................................................................................................... 45 |
8.7 Product Trademarks ....................................................................................................................... 46 |
8.8 Inventor's Remuneration ............................................................................................................... 46 |
8.9 Common Interest ........................................................................................................................... 46 |
ARTICLE 9 CONFIDENTIALITY AND NON-DISCLOSURE ..................................................... 47 |
9.1 Product Information ....................................................................................................................... 47 |
9.2 Confidentiality Obligations ........................................................................................................... 47 |
9.3 Permitted Disclosures .................................................................................................................... 48 |
9.4 Use of Name .................................................................................................................................. 49 |
9.5 Public Announcements .................................................................................................................. 49 |
9.6 Publications ................................................................................................................................... 50 |
9.7 Return of Confidential Information ............................................................................................... 50 |
9.8 Survival ......................................................................................................................................... 51 |
ARTICLE 10 REPRESENTATIONS AND WARRANTIES ............................................................. 51 |
10.1 Mutual Representations, Warranties and Covenants ..................................................................... 51 |
10.2 Additional Representations and Warranties of Plexium ................................................................ 51 |
10.3 Additional Covenants of Plexium.................................................................................................. 52 |
10.4 Mutual Representations, Warranties, and Covenants .................................................................... 53 |
10.5 Debarment and Exclusion .............................................................................................................. 53 |
10.6 Anti-Bribery and Anti-Corruption Compliance............................................................................. 54 |
10.7 Disclaimer of Warranties ............................................................................................................... 54 |
10.8 Option Data Package Disclosure Schedules .................................................................................. 54 |
ARTICLE 11 INDEMNITY .................................................................................................................. 54 |
11.1 Indemnification of Plexium ........................................................................................................... 54 |
11.2 Indemnification of AbbVie ............................................................................................................ 55 |
11.3 Certain Losses ............................................................................................................................... 55 |
11.4 Notice of Claim ............................................................................................................................. 55 |
11.5 Control of Defense ........................................................................................................................ 56 |
11.6 Special, Indirect, and Other Losses ............................................................................................... 57 |
11.7 Insurance........................................................................................................................................ 57 |
ARTICLE 12 TERM AND TERMINATION ...................................................................................... 58 |
12.1 Term .............................................................................................................................................. 58 |
12.2 Termination for Material Breach ................................................................................................... 58 |
12.3 Additional Termination Rights ...................................................................................................... 59 |
12.4 Termination for Insolvency ........................................................................................................... 59 |
12.5 Rights in Bankruptcy ..................................................................................................................... 60 |
12.6 Termination in Entirety ................................................................................................................. 60 |
12.7 Termination of Terminated Territory ............................................................................................ 61 |
12.8 Remedies ....................................................................................................................................... 61 |
12.9 Accrued Rights; Surviving Obligations ......................................................................................... 61 |
ARTICLE 13 MISCELLANEOUS ....................................................................................................... 62 |
13.1 Force Majeure ................................................................................................................................ 62 |
13.2 Change in Control .......................................................................................................................... 62 |
13.3 Export Control ............................................................................................................................... 63 |
13.4 Assignment .................................................................................................................................... 63 |
13.5 Severability .................................................................................................................................... 63 |
13.6 Governing Law, Jurisdiction and Service ...................................................................................... 63 |
13.7 Dispute Resolution ........................................................................................................................ 64 |
13.8 Notices ........................................................................................................................................... 64 |
13.9 Entire Agreement; Amendments ................................................................................................... 65 |
13.10 English Language .......................................................................................................................... 66 |
13.11 Equitable Relief ............................................................................................................................. 66 |
13.12 Waiver and Non-Exclusion of Remedies ...................................................................................... 66 |
13.13 No Benefit to Third Parties ............................................................................................................ 66 |
13.14 Further Assurance .......................................................................................................................... 66 |
13.15 Relationship of the Parties ............................................................................................................. 66 |
13.16 Performance by Affiliates .............................................................................................................. 66 |
13.17 Counterparts; Facsimile Execution ................................................................................................ 67 |
13.18 References ..................................................................................................................................... 67 |
13.19 Schedules ....................................................................................................................................... 67 |
13.20 Construction .................................................................................................................................. 67 |
SCHEDULES |
Schedule 1.165 Research Plans |
Schedule 3.2.3 Permitted Subcontractors |
Schedule 7.7.1 Example Royalty Calculations |
Schedule 10.2 Plexium Disclosures |
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