Common use of Generics Clause in Contracts

Generics. From the time that the Licensed Patents have expired and one or more Third Parties is selling a Generic Product in the Territory, then as from the next quarter year the royalty applicable under Section 5.3 shall be discounted by […***…] per cent ([…***…]) %.

Appears in 1 contract

Sources: License Agreement (ASLAN Pharmaceuticals LTD)

Generics. From the time that the Licensed Patents have expired and one or more Third Parties is selling a Generic Product in the Territory, then as from the next quarter year the royalty applicable under Section 5.3 5.4 shall be discounted by […***…] per cent ([…***…]) %).

Appears in 1 contract

Sources: License Agreement (ASLAN Pharmaceuticals LTD)