Common use of Duration of Royalty Obligations Clause in Contracts

Duration of Royalty Obligations. The royalty obligations of Licensee as to each Licensed Product shall terminate on the later of, on a country-by-country basis, (a) the expiration of the last to expire of a Valid Claim within the Patent Rights that covers such Licensed Product, including any term extensions thereof, or (b) twelve years after the first commercial sale of such Licensed Product. The royalty obligations of Licensee as to each Licensed Technology Product shall terminate twenty (20) years after the first commercial sale of such Licensed Technology Product.

Duration of Royalty Obligations. The royalty obligations of Licensee as to each Licensed Product shall terminate on the later of, on a country-by-country basis, : (ai) the expiration of the last to expire of a Valid Claim within the Patent Rights that covers such Licensed Product, including any term extensions thereof, or (bii) twelve years after the first commercial sale expiration of any market exclusivity period granted by a regulatory agency for such Licensed Product. The royalty obligations of Licensee as to each Licensed Technology Product shall terminate twenty (20) years after the first commercial sale of such Licensed Technology Product.

Duration of Royalty Obligations. The royalty obligations of Licensee as to each Licensed Product shall terminate on the later of, on a country-by-country basis, (a) basis concurrently with the expiration of the last to expire of a Valid Claim within the Licensed Patent Rights that covers such Licensed ProductProduct or, including any term extensions thereofif no patents issue containing a Valid Claim within the Licensed Patent Rights in a given country or if no patent applications are filed in that country of sale, or then ten (b10) twelve years after from the first commercial sale of in such Licensed Product. The royalty obligations of Licensee as to each Licensed Technology Product shall terminate twenty (20) years after the first commercial sale of such Licensed Technology Productcountry.

Duration of Royalty Obligations. The Licensee's royalty obligations of Licensee as to each for Licensed Product shall terminate on the later of, on a country-by-country basis, twelve (a12) years from (i) the date of first commercial sale of a Licensed Product, or (ii) the date of expiration of the last to expire of Licensed Patent with a Valid Claim within covering the Patent Rights that covers such Licensed Product, including any term extensions thereof, or (b) twelve years after the first commercial sale of such Licensed Product. The royalty obligations of Licensee as to each Licensed Technology Product shall terminate twenty (20) years after the first commercial sale of such Licensed Technology Product.

Duration of Royalty Obligations. The Licensee's royalty obligations of Licensee as to each for a Licensed Product shall terminate on the later of, on a country-by-country basis, (a) basis with the expiration of the last to expire of Licensed Patent utilized by or in a Valid Claim within the Patent Rights that covers Licensed Product in such Licensed Product, including any term extensions thereofcountry, or ten (b10) twelve years after from the date of first commercial sale of a Licensed Product in such country in the event only unpatented Technical Information is utilized in or by such Licensed Product. The royalty obligations of Licensee as to each Licensed Technology Product shall terminate twenty (20) years after the first commercial sale of such Licensed Technology Product.