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Document Preview License and Supply Agreement |
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Title: |
License and Supply Agreement |
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Date: |
2001 |
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Preview shows 5KB of 64KB total |
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$42 |
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ID: |
#1259434 |
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<DESCRIPTION>EXHIBIT 10.11
<TEXT>
<PAGE>
LICENSE AND SUPPLY AGREEMENT
This Supply Agreement, dated as of the 31st day of March 2000, is
between VIVIER-REGISTERED TRADEMARK- PHARMA INC., a Quebec, Canada
corporation incorporated under the laws of Canada with offices at 2689
Carriage Way, St-Lazare, Quebec Canada J7T 2B1 ("Vivier"), and OBAGI MEDICAL
PRODUCTS, INC., a corporation incorporated under the laws of California, with
offices at 310 Golden Shore, Long Beach, CA 90802 ("Buyer").
WHEREAS Vivier manufactures and markets or will market various types of
dermatological products throughout North America and potentially in other
countries under its Vivier label and trademarks;
WHEREAS, Buyer wishes to purchase Vitamin-C 5%, and Vitamin-C 10% under
its OMP, Inc. label (hereinafter, the "Products") from Vivier; and
WHEREAS, Vivier is willing to supply the Products to Buyer for resale
under the Buyer's label upon the terms and conditions set forth herein;
NOW, THEREFORE, the parties hereto agree as follows:
1. DEFINITIONS
(a) The following terms shall have the meanings set forth or
where indicated, below for purposes of this Agreement:
"ACT" means the Federal Food, Drug and Cosmetic Act, as amended from
time to time.
"AFFILIATE" of any person shall mean any corporation or other business
entity which, directly or indirectly, controls, is controlled by, or is under
common control with, such person. For purposes of this definition, the term
"control" (as used in the terms "controls," "controlled by," and "under common
control with") means either (a) holding fifty percent (50%)or more of the
outstanding voting securities of an issuer or (b) in the case of an entity that
has no outstanding voting securities, having the right to fifty percent (50%)or
more of the profits of the entity, or having the right in the event of
dissolution to fifty percent (50%)or more of the assets of the entity.
"BUYER INDEMNIFIED PARTIES" shall have the meaning given thereto in
Section 14.2 hereof.
"COMMENCEMENT DATE" means the date of the execution of this agreement
by the parties.
"CONTRACT YEAR" means each consecutive 12-month period commencing on
the Commencement Date and each one year anniversary thereof.
"FDA" means the United States Food and Drug Administration.
"FORMS" shall have the meaning given thereto in Section 23.3 hereof.
1 of 23
<PAGE>
"GMP" means current good manufacturing practices as defined from time
to time in Section 501(a)(2)(B) of the Act and the applicable rules and
regulations of the FDA.
"INITIAL TERM" shall have the meaning given hereto in Section 15
hereof.
"ORDER DATE" shall have the meaning given thereto in Section 5.3
hereof.
"PROCEDURES" shall have the meaning given thereto in Section 4.8
hereof.
"PRODUCTS" shall have the meaning set forth in the recitals to this
Agreement.
"Specifications" the specifications of the Products listed in
Schedule F.
"TERRITORY" means the United States in the physician-dispensed channel
of distribution; and for all channels of distribution in thecountries set forth
on Schedule E.
"TPP" means the Canadian Therapeutics Products Programme.
"Trademarks / Patents" means the trademarks / patents listed in
Schedule D and such other trademarks, trade names or identifying marks to be
used in association with the Product hereunder, which are all owned by Vivier.
"VIVIER INDEMNIFIED PARTIES" shall have the meaning given thereto in
Section 14.1 hereof.
2. PURCHASE AND SALE; LICENSE
2.1 During the term of this Agreement, and subject to the provisions
hereof, Vivier agrees to supply to Buyer, all of Buyer's requirements for the
Products. All orders for the Products shall be made pursuant to written purchase
orders delivered to Vivier in accordance with Section 4 hereof. All purchase
orders from Buyer shall be in multiples of full batch sizes commonly used in
routine production of the Products. Minimum batch sizes are set forth on
Schedule A. The parties reserve the right to negotiate modified minimum batch
sizes on mutually agreeable terms and conditions.
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