Common use of Access Program Clause in Contracts

Access Program. At ▇▇▇▇▇▇▇’▇ option, following the First Commercial Sale of Licensed Component or Licensed Product hereunder, Parties shall enter into good faith negotiations with respect to the royalty rate applicable to Net Sales in the countries identified as developing countries by the World Trade Organization.

Appears in 2 contracts

Sources: Collaboration and License Agreement (Bavarian Nordic a/S / ADR), Collaboration and License Agreement (Bavarian Nordic a/S / ADR)