MASIMO Probes. LABS agrees that it will not design or modify SpO(sub 2) Sensors to be used with other than the MS Boards or other Boards designed by MASIMO for MASIMO Applications. LABS will purchase Sensors for MASIMO Applications from MASIMO unless the measurements for MASIMO Applications and Licensed Applications are best integrated in one sensor. In such case, LABS may manufacture integrated sensors and pay MASIMO a royalty of three percent (3%) of LABS' Net Selling price of integrated sensors. MASIMO SET will be enabled for SpO(sub 2). Sensors or other sensors which include MASIMO Applications measurement capability.
Appears in 2 contracts
Sources: Cross Licensing Agreement (Masimo Corp), Cross Licensing Agreement (Masimo Corp)