Current Partnering’s comprehensive listing of terms used in business development.
When I use a word,’ Humpty Dumpty said in a rather scornful tone. ‘it means just what I choose it to mean – neither more nor less.’ Lewis Carroll, Through the Looking Glass
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9
Two or more companies sell the same drug under different trademarks. A co-marketing agreement allows two or more biopharmaceutical companies to market a drug under at least two different and distinct brand trademarks in any particular country.
Two or more companies sell the same drug under the same trademark. This involves combining resources, in particular sales forces, to promote the product under one name. In pharmaceuticals, two companies launch a single product under the same brand name with the same price and a single marketing strategy. One of the partners is usually has a [...]
There are several occasions confidential information can be treated as non-confidential. An agreement should explicitly outline these exceptions. Example exceptions include: information already known to receiving party generally available to the public subsequently becomes generally available to the public, except from disclosure by the receiving party independently developed by the receiving party disclosed to the [...]
An event where the control of a party is assumed by another party. There are a number of instances that can trigger a change of control, including: merger or consolidation acquisition disposal shareholding changes resulting in a new beneficial owner party transfers substantially all of its assets
A non-disclosure agreement (NDA or confidential disclosure agreement, CDA) is an agreement between two or more parties to ensure non-disclosure of confidential information exchanged between the parties.
Clause describing how sales or payments shall be converted from one currency to another. Most agreements anticipate product sales and material supplies to be sourced from multiple countries. To cater for this situation, an agreement should designate a main currency for which all dealings in the contract will be calculated. Further, the parties should then [...]
The confidential information that is to be exchanged between the parties. Often relates to the following types of information: patents, specifications, know-how, correspondence, clinical study data, analytical data, operating procedures, designs.
The 12 month period as defined in the agreement document.
