Common use of Other Consideration Clause in Contracts

Other Consideration. In the case of a sale or other disposal of Licensee’s Licensed Product for value other than in an arm’s-length transaction exclusively for money, such as barter or counter-trade, the amount of such sale shall be calculated using the fair market value of such Licensed Product (if higher than the stated sales price) in the country of disposition.

Appears in 6 contracts

Samples: License Agreement (Furiex Pharmaceuticals, Inc.), License Agreement (Furiex Pharmaceuticals, Inc.), License Agreement (Furiex Pharmaceuticals, Inc.)

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Other Consideration. In the case of a sale or other disposal of Licensee’s Licensed Product for value other than in an arm’s-length transaction exclusively for money, such as barter or counter-trade, the amount of such sale shall be calculated using the fair market value of such Licensed Product (if higher than the stated sales price) in the country of disposition.

Appears in 4 contracts

Samples: Option and License Agreement (Furiex Pharmaceuticals, Inc.), Option and License Agreement (Furiex Pharmaceuticals, Inc.), Option and License Agreement (Furiex Pharmaceuticals, Inc.)

Other Consideration. In the case of a sale or other disposal of Licensee’s 's Licensed Product for value other than in an arm’sarm's-length transaction exclusively for money, such as barter or counter-trade, the amount of such sale shall be calculated using the fair market value of such Licensed Product (if higher than the stated sales price) in the country of disposition.. Agreement Re: Exercise of Stock Warrant

Appears in 1 contract

Samples: Option and License Agreement (Chemokine Therapeutics Corp)

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Other Consideration. In the case of a sale or other disposal of Licensee’s 's Licensed Product for value other than in an arm’sarm's-length transaction exclusively for money, such as barter or counter-trade, the amount of such sale shall be calculated using the fair market value of such Licensed Product (if higher than the stated sales price) in the country of disposition.

Appears in 1 contract

Samples: Option and License Agreement (Chemokine Therapeutics Corp)

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