Common use of Ciba Clause in Contracts

Ciba. Geigy shall maintain a record of its costs for clinical development activities in the U.S. according to its standard accounting procedures, which shall reasonably and fairly establish such costs. Tanox shall contribute to said costs * provided, that Tanox's obligation for such costs will be paid solely out of credits against royalties and subject to the annual limitations contained in Paragraph 9.

Appears in 2 contracts

Sources: Development and Licensing Agreement (Tanox Inc), Development and Licensing Agreement (Tanox Inc)