definiens: means a proposal by a Proposing Party for the research, development and commercialization of a Proposed Product . A Bona Fide Proposal shall include, at a minimum, ( a ) a research, development and com mercialization plan ( including Development Milestones ) for a Proposed Product, which must be commercially reasonable and reasonably satisfactory to Broad, including evidence that the Proposing Party has, or reasonably expects to have, access to any intelle ctual property ( other than the intellectual property that would be the subject of any Proposed Product License ), that would be necessary to research, develop and commercialize such product and has, or reasonably expects to have, funding available to advanc e such plan, and ( b ) evidence that the Proposing Party has commenced, or would commence within [ * * ] days after the date of a Proposed Product License, research, development or commercialization of such product under such plan