Example ContractsClausesin the licensed fieldIdentical
In the Licensed Field
In the Licensed Field contract clause examples

In the event that any Regulatory Authority # threatens or initiates any action to remove a Licensed Product from the market in any country in the Field in the Territory or # requires Licensee, its Affiliates, or its sublicensees to distribute a “Dear Doctor” letter or its equivalent regarding use of Licensed Product in the Field, Licensee shall notify Merck of such event within one (1) business day after Licensee becomes aware of the action, threat, or requirement (as applicable). Licensee shall consult with Merck prior to initiating a recall or withdrawal of Licensed Product in the U.S., Japan, or a Major European Country; provided, however, that the final decision as to whether to recall or withdraw a Licensed Product in the Territory shall be made by Licensee in its sole discretion. Licensee shall be responsible, at its sole expense, for conducting any recalls or taking such other necessary remedial action.

CONFIDENTIAL TREATMENT REQUESTED EXCLUSIVE PATENT LICENSE AGREEMENT
Source: SEC EDGAR database • Date: January 18, 2017 • SIC: 2834 • CIK: 2834
CONFIDENTIAL TREATMENT REQUESTED EXCLUSIVE PATENT LICENSE AGREEMENT
Source: SEC EDGAR database • Date: April 3, 2017 • SIC: 2834 • CIK: 2834

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