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Contract Manufacturing Agreement

 

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Title:

Contract Manufacturing Agreement

Entities:

Oravax Inc

Date:

2002

Size:

Preview shows 6KB of 56KB total

Price:

$41

ID:

#1408110

 

 

► Business ► Manufacturing ► Contract Manufacturing Agreements

 

 

Start of Preview


                        CONTRACT MANUFACTURING AGREEMENT

--------------------------------

This Agreement, dated this 10th day of April 2001, for reference only, is
by and between Kensey Nash Corporation, a Delaware Corporation, located at 55
East Uwchlan Avenue, Exton, PA 19341 (hereinafter "Supplier"), and
Organogenesis Inc., a Delaware Corporation, located at 150 Dan Road, Canton, MA
02021 (hereinafter "Buyer").

WHEREAS, Supplier possesses technology, trade secrets, and patents related
to medical and or surgical apparatus, systems, procedures, devices and
components such as, but not limited to, biomaterial products for drug and
growth factor delivery, puncture closure devices, absorbable fixation devices,
vascular grafts, anastomosis and angiogenesis; and

WHEREAS, Buyer possesses technology, trade secrets, and patents related to
medical and or surgical apparatus, systems, procedures, devices and components
such as, but not limited to, biomaterial products derived from mammalian
intestinal collagen that it has disclosed and transferred to Supplier; and

WHEREAS, Buyer has paid and will continue to pay Supplier for the
development costs of processes and equipment necessary and desirable for the
scale-up of the manufacture and exclusive supply to Buyer of certain products;
and

WHEREAS, Buyer and Supplier jointly, and both parties separately have and
will continue to conceive and reduce to practice valuable proprietary
intellectual property, whether or not patentable, used or useful in the
scale-up of the manufacture and supply of certain products by Supplier to Buyer
for which Buyer will have paid Supplier; and

WHEREAS, Buyer desires to purchase its requirements of certain products
from Supplier; and

WHEREAS, Supplier desires to sell certain products exclusively to Buyer
under the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants and agreements provided herein, the parties hereto, intending to be
legally bound hereby, agree as follows:

1. PRODUCT: Supplier shall manufacture and sell Product exclusively to Buyer
--------
throughout the Term, where "Product" means any article containing a
natural acellular biomaterial derived from mammalian intestinal collagen
that is manufactured by Kensey Nash and is intended for any use as a
healthcare product. All Product shall meet the "Specifications" set forth
in Schedule A, and the requirements of Schedule C ("Drawing"), which are
attached hereto and made a part of this Agreement. Such Specifications
may be changed from time to time only as agreed to in writing by the

Page 1 of 17

<PAGE>


* CONFIDENDIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS.

CONTRACT MANUFACTURING AGREEMENT (continued)
--------------------------------

parties, additionally, said changes being subject to the requirements of
Articles 7 and 21 herein.

2. DURATION: The duration of this Agreement shall be from the Effective Date
---------
and continue until January 1, 2005, unless otherwise agreed in writing by
the parties (the "Term"); where "Effective Date" is the date of the last
executing signature hereon, which signifies the start of the Agreement
Term. This Agreement shall be automatically renewed for successive one
(1) year terms thereafter unless either party notifies the other party to
the contrary not less than 180 days prior to the expiration of the then
current term.

3. FORECAST QUANTITIES: Subject only to other provisions of this Agreement,
--------------------
Supplier shall sell exclusively to Buyer and Buyer shall purchase from
Supplier one-hundred percent (100%) of Buyer's requirements for Product or
substantially equivalent products. Throughout the Term Buyer shall
provide Supplier with a rolling four-quarter forecast of its estimate of
its demand for Product within 30 days of the beginning of each calendar
quarter for the next four quarters. Buyer's forecast for the first such
subsequent quarter of each such rolling forecast shall be binding on both
Buyer and Supplier, following the second full quarter of any product's
commercial introduction to the market. Supplier shall advise Buyer within
ten business days of receipt of each such forecast if the forecasted
requirements are expected to exceed Supplier's ability to supply. During
the initial year of this Agreement, Buyer agrees to supply a forecast to
Supplier covering the forecasted requirements for the balance of the
current calendar year, such forecast to be supplied within thirty (30)
days of the signing of this Agreement, or within thirty (30) days of the
placement of the first Product order, whichever occurs later.

4. INCREASED QUANTITIES: During the Term, Supplier will supply in any given
---------------------
year up to two-hundred percent (200%) of the expected annual purchase
quantities indicated in Buyer's annual forecast without further Agreement.

 

End of Preview

 

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