Continuing Payments. BIOCHEM and SP shall share Profit with [***] going to BIOCHEM and [***] going to SP; provided, however, after the second anniversary of the First Commercial Sale on a country-by-country basis, the share of Profit payable to SP shall never be less than [***] of Gross Profit.
Appears in 2 contracts
Sources: Research and License Agreement (Scriptgen Pharmaceuticals Inc), Research and License Agreement (Scriptgen Pharmaceuticals Inc)