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Title: |
Product Development Agreement |
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Entities: |
BioProgress plc; Boots Healthcare International Limited; Bioprogress Technology Limited; Bioprogress plc |
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Date: |
2003 |
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Size: |
Preview shows 5KB of 49KB total |
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Price: |
$50 |
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ID: |
#114115 |
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(1) BOOTS HEALTHCARE INTERNATIONAL LIMITED
AND
(2) BIOPROGRESS TECHNOLOGY LIMITED
--------------------------------------------------------------------------------
PRODUCT DEVELOPMENT AGREEMENT (STAGE 1)
--------------------------------------------------------------------------------
LEGAL DEPARTMENT
THE BOOTS COMPANY PLC
NOTTINGHAM
NG2 3AA
TEL : (0115) 959 3432
FAX : (0115) 959 3314
{PAGE}
INDEX
{TABLE}
{S} {C} {C}
1. Definitions and Interpretation.......................................... 1
2. The Initial Development Programme....................................... 4
3. Intellectual Property Rights............................................ 7
4. After Completion of the Initial Development Programme...................11
5. Exclusivity.............................................................16
6. Confidentiality.........................................................17
7. Force Majeure...........................................................18
8. Termination.............................................................19
9. Assignment..............................................................20
10. Change of Control.......................................................20
11. Relationship............................................................21
12. Waiver..................................................................21
13. Notices.................................................................21
14. Entire Agreement and Amendments.........................................23
15. Applicable Law and Service of Process...................................23
16. Invalidity and Severability.............................................24
17. Announcements...........................................................24
{/TABLE}
SCHEDULES
1. Initial Development Programme
2. Matters to be provided for or taken into account in any commercial
terms agreed pursuant to Clause 4.4
3. The Patents
{PAGE}
THIS AGREEMENT is made day of 2002
BETWEEN:-
(1) BOOTS HEALTHCARE INTERNATIONAL LIMITED (registered in England number
2741587) whose registered office is at 1 Thane Road West Nottingham NG2
3AA (hereinafter referred to as "Boots") of the one part; and
(2) BIOPROGRESS TECHNOLOGY LIMITED whose registered office is at Unit 1,
Norwood Road, March, Cambridgeshire PE15 8QD (hereinafter referred to
as "BioProgress") of the other part.
WHEREAS:-
A. BioProgress has developed certain proprietary technology relating to
the dose delivery and manufacture of pharmaceutical products in the
form
B. Boots and BioProgress have agreed to collaborate in a Product
Development Programme, the purpose of which is to determine the
feasibility of the formulation and manufacture of medicinal products in
this new dosage form and containing XXXXXX as an active ingredient and,
subject to the successful determination of such feasibility, to enter
into further negotiations relating to the commercial development of
such products in this form as Boots may require, on the terms and
conditions set out below.
NOW IT IS HEREBY AGREED as follows:-
1. DEFINITIONS AND INTERPRETATION
1.1 In this Agreement, unless the context otherwise requires, the following
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