Common use of Most Favored Licensee Clause in Contracts

Most Favored Licensee. 15.1 In the event that after the EFFECTIVE DATE of this Agreement BECTON enters into a license agreement with a third party, in which such third party is licensed to make, use and sell any PRODUCTS at a royalty rate which is different from the royalty rate set forth in this Agreement, BECTON shall within thirty (30) days after the signing of such license agreement, disclose to QUIDEL the royalty rate in the third party agreement. BECTON will provide such information to QUIDEL's attorneys who will maintain the information in confidence and may disclose it to others within QUIDEL only on a confidential, need-to-know basis.

Most Favored Licensee. 15.1 In the event that after the EFFECTIVE DATE of this Agreement BECTON enters into a license agreement with a third party, in which such third party is licensed to make, use and sell any PRODUCTS at a royalty rate which is different from the royalty rate set forth in this Agreement, BECTON shall within thirty (30) days after the signing of such license agreement, disclose to QUIDEL SELFCARE the royalty rate in the third party agreement. BECTON will provide such information to QUIDELSELFCARE's attorneys who will maintain the information in confidence and may disclose it to others within QUIDEL SELFCARE only on a confidential, need-to-know basis.