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AbbVie Global Enterprises Ltd. |
Dated as of May 6, 2022 |
TABLE OF CONTENTS |
ARTICLE 1 DEFINITIONS........................................................................................................... 1 |
ARTICLE 2 INITIAL DEVELOPMENT .................................................................................... 26 |
2.1. Initial Development Plan and Budget ................................................................... 26 |
2.2. Diligence ............................................................................................................... 26 |
2.3. Performance of Initial Development and Regulatory Activities........................... 27 |
2.4. Information and Reports ....................................................................................... 29 |
2.5. Data Packages ....................................................................................................... 30 |
2.6. Expenses ............................................................................................................... 32 |
ARTICLE 3 LICENSE OPTION.................................................................................................. 32 |
3.1. License Option ...................................................................................................... 32 |
3.2. License Option Exercise ....................................................................................... 32 |
3.3. Licensed Therapeutic and Licensed Product Responsibility ................................ 33 |
3.4. Additional Cugene Obligations............................................................................. 34 |
3.5. Termination of License Option............................................................................. 36 |
ARTICLE 4 GRANT OF RIGHTS; EXCLUSIVITY.................................................................. 36 |
4.1. Grants to AbbVie .................................................................................................. 36 |
4.2. Grants to Cugene................................................................................................... 36 |
4.3. Sublicenses............................................................................................................ 36 |
4.4. No Implied Licenses ............................................................................................. 37 |
4.5. Confirmatory Patent License ................................................................................ 37 |
4.6. Exclusivity ............................................................................................................ 37 |
ARTICLE 5 DEVELOPMENT AND COMMERCIALIZATION BY ABBVIE........................ 38 |
5.1. In General.............................................................................................................. 38 |
5.2. Diligence ............................................................................................................... 38 |
5.3. Manufacturing Technology Transfer .................................................................... 38 |
5.4. Subcontracting; Distributors ................................................................................. 40 |
5.5. Records; Development and Commercialization Reports...................................... 41 |
5.6. Regulatory Activities ............................................................................................ 42 |
5.7. Adverse Event and Safety Information Agreement .............................................. 42 |
ARTICLE 6 COLLABORATION MANAGEMENT.................................................................. 42 |
6.1. Joint Governance Committee................................................................................ 42 |
6.2. General Provisions Applicable to the JGC ........................................................... 44 |
6.3. Working Groups.................................................................................................... 46 |
6.4. Alliance Managers. ............................................................................................... 46 |
ARTICLE 7 PAYMENTS AND RECORDS............................................................................... 47 |
7.1. Upfront Payment................................................................................................... 47 |
7.2. License Option Exercise Payment ........................................................................ 47 |
7.3. Development Milestone Events ............................................................................ 47 |
7.4. Sales Milestone Events ......................................................................................... 49 |
7.5. Royalties ............................................................................................................... 49 |
7.6. Estimated Sales Levels ......................................................................................... 52 |
7.7. Royalty Payments and Reports ............................................................................. 52 |
7.8. Mode of Payment.................................................................................................. 52 |
7.9. Taxes. .................................................................................................................... 52 |
7.10. Interest on Late Payments..................................................................................... 54 |
7.11. Financial Records.................................................................................................. 54 |
7.12. Audit ..................................................................................................................... 54 |
7.13. Right to Offset....................................................................................................... 55 |
7.14. Diagnostic and Veterinary Products ..................................................................... 55 |
7.15. No Other Compensation ....................................................................................... 55 |
7.16. No Limitation........................................................................................................ 55 |
7.17. Financial Obligations Under WuXi Agreements.................................................. 55 |
ARTICLE 8 INTELLECTUAL PROPERTY .............................................................................. 55 |
8.1. Ownership of Intellectual Property....................................................................... 55 |
8.2. Prosecution and Maintenance of Patents .............................................................. 57 |
8.3. Enforcement of Patents ......................................................................................... 62 |
8.4. Infringement Claims by Third Parties................................................................... 67 |
8.5. Invalidity or Unenforceability Defenses or Actions ............................................. 68 |
8.6. Third Party Licenses and Patents.......................................................................... 71 |
8.7. Product Trademarks .............................................................................................. 72 |
8.8. Inventor's Remuneration ...................................................................................... 73 |
ARTICLE 9 CONFIDENTIALITY AND NON-DISCLOSURE ................................................ 74 |
9.1. Confidentiality Obligations................................................................................... 74 |
9.2. Permitted Disclosures ........................................................................................... 75 |
9.3. Additional Permitted Disclosures and Use by AbbVie......................................... 76 |
9.4. Additional Permitted Disclosures and Use by Cugene ......................................... 76 |
9.5. Use of Name ......................................................................................................... 77 |
9.6. Public Announcements ......................................................................................... 77 |
9.7. Publications........................................................................................................... 78 |
9.8. Return of Confidential Information ...................................................................... 79 |
ARTICLE 10 REPRESENTATIONS AND WARRANTIES...................................................... 79 |
10.1. Mutual Representations and Warranties ............................................................... 79 |
10.2. Additional Representations, Warranties and Covenants of Cugene ..................... 79 |
10.3. Additional Covenants of Cugene .......................................................................... 85 |
10.4. Additional Representations, Warranties and Covenants of AbbVie..................... 87 |
10.5. DISCLAIMER OF WARRANTIES..................................................................... 88 |
10.6. Anti-Bribery and Anti-Corruption Compliance.................................................... 88 |
ARTICLE 11 INDEMNITY......................................................................................................... 88 |
11.1. Indemnification of Cugene ................................................................................... 88 |
11.2. Indemnification of AbbVie ................................................................................... 89 |
11.3. Indemnification Procedures .................................................................................. 89 |
11.4. Special, Indirect and Other Losses........................................................................ 92 |
11.5. Insurance ............................................................................................................... 92 |
ARTICLE 12 TERM AND TERMINATION .............................................................................. 93 |
12.1. Term and Expiration ............................................................................................. 93 |
12.2. Termination........................................................................................................... 93 |
12.3. Rights in Bankruptcy ............................................................................................ 95 |
12.4. Consequences of Termination............................................................................... 96 |
12.5. Transition Agreement. .......................................................................................... 99 |
12.6. Reverse Royalty .................................................................................................. 102 |
12.7. AbbVie Rights in Lieu of Termination............................................................... 102 |
12.8. Remedies............................................................................................................. 103 |
12.9. Accrued Rights; Surviving Obligations .............................................................. 103 |
ARTICLE 13 MISCELLANEOUS ............................................................................................ 104 |
13.1. Force Majeure ..................................................................................................... 104 |
13.2. Export Control .................................................................................................... 104 |
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