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Marketing and License Agreement

 

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Title:

Marketing and License Agreement

Entities:

Dragon Pharmaceuticals Inc.

Date:

2000

Size:

Preview shows 7KB of 35KB total

Price:

$38

ID:

#303352

 

 

► Licensing ► Licenses ► Marketing & License Agreements
► Biotech & Drugs ► Pharmaceutical Preparations

 

 

Start of Preview


                         MARKETING AND LICENSE AGREEMENT



THIS AGREEMENT is made as of October 8th, 2000,

BETWEEN:

Allwin Biotrade Inc., a corporation having an office at East
Asia Chambers, P.O. Box 901, Road Town, Tortola, British
Virgin Islands

("Allwin Biotrade")

AND:

YOO & YOO BioTech Co., Ltd, a company organised under the laws of
the Republic of Korea and having offices at #301, 207-10,
Poee-Dong, Kangnam-Ku, Seoul, the Republic of Korea

("YOO & YOO")


WHEREAS:

(A) Allwin Biotrade, an affiliate of Dragon Pharmaceuticals Inc. and Nanjing
Huaxin Biotech Co., Ltd., has certain world-wide marketing and sales rights
for the Products; and

(B) Allwin Biotrade has agreed to grant certain rights to YOO & YOO to sell the
Products in a specified market;

THIS AGREEMENT WITNESSES that in consideration of $1 paid and other
consideration given, by each party to each other party, the receipt and
sufficiency of which each party acknowledges, the parties severally AGREE as
follows:

Part 1

Definitions and Interpretation

Definitions

1.1 In this Agreement, except as otherwise expressly provided or as the context
otherwise requires:

(a) Affiliate of a party means a corporation or entity that, directly or
indirectly, controls, is under common control with or is controlled by the
specified party;

{PAGE}

(b) current GMP means current good manufacturing practices as determined by the
World Health Organization;

(c) Indication means the use of the Product to treat a particular condition as
described in Schedule A;

(d) Market Area means the territory described in Schedule A;

(e) Marketing Approval has the meaning set out in ss.2.9;

(f) Marketing Plan has the meaning set out in ss.3.1;

(g) Products means those biotechnology or pharmaceutical drugs listed in
Schedule A;

(h) Purchase Orders has the meaning set out in ss.4.5; and

(i) Trademark License Agreement has the meaning set out in ss.3.4.

Interpretation

1.2 In this Agreement, except as otherwise expressly provided or as the context
otherwise requires,

(a) "this Agreement" means this agreement as from time to time
supplemented or amended by one or more agreements entered into
pursuant to the applicable provisions of this Agreement,

(b) a reference to a Part is to a Part of this Agreement, and the symbol
ss. followed by a number or some combination of numbers and letters
refers to the section, paragraph, subparagraph, clause or subclause of
this Agreement so designated,

(c) headings are solely for convenience of reference and are not intended
to be complete or accurate descriptions of content or to be guides to
interpretation of this Agreement or any part of it,

(d) the word "including", when following a general statement or term, is
not to be construed as limiting the general statement or term to any
specific item or matter set forth or to similar items or matters, but
rather as permitting the general statement or term to refer also to
all other items or matters that could reasonably fall within its
broadest possible scope,

(e) an accounting term not otherwise defined herein has the meaning
assigned to it, and every calculation to be made hereunder is to be
made, in accordance with accounting principles generally accepted in
the United States applied on a consistent basis,

(f) a reference to currency means United States currency,

{PAGE}


(g) a reference to a statute includes all regulations made thereunder, all
amendments to the statute or regulations in force from time to time,
and every statute or regulation that supplements or supersedes such
statute or regulations,

(h) a reference to an entity includes any successor to that entity,

(i) a word importing the masculine gender includes the feminine and
neuter, a word in the singular includes the plural, a word importing a
corporate entity includes an individual, and vice versa, and

(j) a reference to "approval", "authorization" or "consent" means written
approval, authorization or consent.

Part 2

GRANT OF LICENSE

License

2.1 Subject to the terms of this Agreement, Allwin Biotrade hereby grants to
YOO & YOO an exclusive license to sell the Products in the Market Area for
treatment of the Indications. Notwithstanding the foregoing, Allwin
Biotrade retains the right for it, and its Affiliates, to sell the Products
in the Market Area.

2.2 Nothing in this Agreement confers on YOO & YOO any interest, licence or
right in respect of Products, other than as set out herein, and the
Products will remain the exclusive property of Allwin Biotrade and its
Affiliates. Sales outside of the Market Area are prohibited and YOO & YOO
will have no manufacturing rights.

2.3 YOO & YOO will forthwith disclose to Allwin Biotrade every improvement to
or further development of the Products, including the results of any
research, testing or clinical trials conducted by or on behalf of YOO &
YOO. The results of such research, testing, trials and improvements will be
immediately disclosed to Allwin Biotrade and will be owned by Allwin
Biotrade and its Affiliates, without any obligation of YOO & YOO, with

 

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