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MARKETING AND DISTRIBUTION AGREEMENT

Advertising or Marketing Agreement

MARKETING AND DISTRIBUTION AGREEMENT | Document Parties: ORTHOLOGIC CORP | Chrysalis BioTechnology, Inc. You are currently viewing:
This Advertising or Marketing Agreement involves

ORTHOLOGIC CORP | Chrysalis BioTechnology, Inc.

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Title: MARKETING AND DISTRIBUTION AGREEMENT
Date: 3/15/2004
Industry: Medical Equipment and Supplies     Sector: Healthcare

MARKETING AND DISTRIBUTION AGREEMENT, Parties: orthologic corp , chrysalis biotechnology  inc.
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                                                            Exhibit 10.13

 

                      MARKETING AND DISTRIBUTION AGREEMENT

 

         This Marketing and Distribution Agreement (the "Agreement"), which

shall be effective as of January 14, 1999, is between OrthoLogic Corp. and

Chrysalis BioTechnology, Inc. Based on the mutual consideration between the

parties recited below, the parties agree as follows:

 

                            I. BACKGROUND AND PARTIES

 

         1.1       Chrysalis. Chrysalis BioTechnology, Inc. ("CHRYSALIS") is a

Texas corporation, having a principal place of business at 2200 Market, Suite

600, Galveston, TX 77550.

 

         1.2       OrthoLogic. OrthoLogic Corp. ("ORTHOLOGIC") is a Delaware

corporation, having a principal place of business at 1275 W. Washington Street,

Tempe, AZ 85281.

 

         1.3       The Technology. Chrysalis owns or holds comprehensive license

rights relating to a technology known as the "Chrysalis Technology."

 

         1.4       The Definitive Agreement and the Payment. Chrysalis and

OrthoLogic are parties to a definitive agreement dated as of December 31, 1997,

which was amended by the Letter of Amendment dated September 23, 1998, and which

addresses the transactions contemplated by this Agreement (the "Definitive

Agreement").

 

         1.5       Rights. Pursuant to Section IV(a) of the Definitive Agreement,

OrthoLogic has the right to acquire from Chrysalis certain exclusive rights for

United States fracture applications.

 

         1.6       United States Rights for Fracture Applications. Prior to or

contemporaneously with the execution of this Agreement, OrthoLogic has made the

$750,000 payment contemplated by Section IV(a) of the Definitive Agreement.

 

         1.7       Governing Agreements. This Agreement and the Definitive

Agreement describe OrthoLogic's rights and obligations with respect to such

United States fracture applications.

 

                                 II. DEFINITIONS

 

         2.1       Except as otherwise defined in this Agreement, Capitalized

terms used in this Agreement shall have the same meanings they have in the

Definitive Agreement.

 

                     III. MARKETING, AND DISTRIBUTION RIGHTS

 

         3.1       Description of Rights. To the extent, and for the term,

provided in this Agreement and in the Definitive Agreement, Chrysalis hereby

grants to OrthoLogic the exclusive right to develop further, use and sell

Licensed Products under the Technology Rights for fracture applications in the

United States. In addition, Chrysalis hereby grants to OrthoLogic certain

limited rights to make or have made Licensed Products and to assign its rights

described herein, all as set forth in the Definitive Agreement.

 

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                       IV. REPRESENTATIONS AND WARRANTIES

 

          4.1       Reaffirmation of OrthoLogic Representations. OrthoLogic hereby

reaffirms its Representations and Warranties in the Definitive Agreement as of

the date of this Agreement.

 

         4.2       Reaffirmation of Chrysalis Representations. Chrysalis hereby

reaffirms its Representations and Warranties in the Definitive Agreement as of

the date of this Agreement.

 

                                   V. GENERAL

 

         5.1       Attorneys Fees. If any litigation or arbitration is commenced

between the parties hereto or their successors in interest, concerning any

provisions of this Agreement, or the rights and duties of any person in relation

thereto, the party prevailing in such litigation or arbitration shall be

entitled, in addition to such other relief as may be granted, to a reasonable

sum for its attorney's fees and litigation costs as determined by the court or

arbitrator, and not by a jury, or in a separate action brought for that purpose.

 

         5.2       Authorization and Signatures. By signing below, each party

represents that this Agreement has been duly authorized and constitutes an

agreement by which it is bound.

 

         5.3       Binding Effect; Benefits. This Agreement shall be binding upon

and shall inure to the benefit of the parties hereto and their respective heirs,

successors, executors, administrators and assigns. Notwithstanding anything

contained in this Agreement to the contrary, nothing in this Agreement,

expressed or implied, is intended to confer on any person other than the parties

hereto or their respective heirs, successors, executors, administrators and

assigns any rights, remedies, obligations or liabilities under or by reason of

this Agreement.

 

         5.4       Construction. The language in all parts of this Agreement

shall in all cases be construed as a whole according to its fair meaning and not

strictly for or against either party. The Article and Section headings contained

in this Agreement are for reference purposes only and will not affect the

meaning or interpretation of this Agreement in any way. All terms used in one

number or gender shall be construed to include any other number or gender as the

context may require. The parties agree that each party has reviewed this

Agreement and has had the opportunity to have counsel review the same and that

any rule of construction to the effect that ambiguities are to


 
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