definiens: means a proposal by a Proposing Party for theresearch, development and commercialization of a Proposed Product . A Bona FideProposal shall include, at a minimum, ( a ) a research, development andcommercialization plan ( including Development Milestones ) for a Proposed Product, which must be commercially reasonable and reasonably satisfactory to Institutions, including evidence that the Proposing Party has, or reasonably expects to have, accessto any intellectual property ( other than the intellectual property that would be the subjectof any Proposed Product License ), that would be necessary to research, develop andcommercialize such product and has, or reasonably expects to have, funding availableto advance such plan, and ( b ) evidence that the Proposing Party has commenced, or3 would commence within [ * * ] days after the date of a Proposed Product License, research, development or commercialization of such product under such plan