Common use of Know-How Royalty Clause in Contracts

Know-How Royalty. On a Licensed Product-by-Licensed Product and country-by-country basis, if a Licensed Product is sold in a country in the Territory during the applicable Royalty Term at a time when the Valid Claim Prong of the Royalty Term has expired with respect to such Licensed Product in such country, then, [***].

Know-How Royalty. On a country-by-country, and a Licensed Product-Product-by-Licensed Product and country-by-country basis, if in the event that during the Royalty Term a Licensed Product is sold in not covered by a country in Valid Claim, the Territory during the applicable Royalty Term at a time when the Valid Claim Prong of royalty otherwise payable for such Licensed Product, after the Royalty Term has expired with respect to such Licensed Product in such countryReductions above, then, will be reduced by […***…].

Know-How Royalty. On a country-by-country, and a Licensed Product-Product-by-Licensed Product and country-by-country basis, if in the event that during the Royalty Term a Licensed Product is sold in not covered by a country in Valid Claim, the Territory during the applicable Royalty Term at a time when the Valid Claim Prong of royalty otherwise payable for such Licensed Product, after the Royalty Term has expired with respect to such Licensed Product in such countryReductions above, then, will be reduced by [*****].

Know-How Royalty. On a Licensed Product-by-Licensed Product and country-by-country basis, if a Licensed Product is sold in a country in the Territory during the applicable Royalty Term at a time when the there is no Valid Claim Prong of a Royalty Patent which contains one or more claims that [**], then, for the Royalty Term has expired with respect purposes of Section 9.3(a), the royalty rate(s) applicable to the Net Sales of such Licensed Product in such country, then, country during such time shall be reduced by [***].