Common use of Patent Coverage Clause in Contracts

Patent Coverage. For each Licensed Product covered by a Valid Claim in any country in the Territory in which it is sold, sanofi-aventis shall pay ImmunoGen a royalty based on Annual Net Sales of such Licensed Product in each Calendar Year (or partial Calendar Year) commencing with the First Commercial Sale of such Licensed Product in such country and ending upon the expiration of the Royalty Term for such Licensed Product, at the following rates: Up to and including $[***] [***] [***] % Above $[***] [***] and up to and including $[***] [***] [***] % Above $[***] [***] [***] %

Appears in 1 contract

Sources: License Agreement (Immunogen Inc)

Patent Coverage. For each Licensed Product covered by a Valid Claim of the Licensed Patent Rights in any country in the Territory in which it is sold, sanofi-aventis shall pay ImmunoGen a royalty based on Annual Net Sales of such Licensed Product in each Calendar Year (or partial Calendar Year) commencing with the First Commercial Sale of such Licensed Product in such country and ending upon the expiration of the Royalty Term for such Licensed Product, at the following rates: Up to and including $[***] [***] [***] * ]% Above $[***] [***] and up to and including $[***] [***] [***] * ]% Above $[***] [***] [***] * ]%

Appears in 1 contract

Sources: Option and License Agreement (Immunogen Inc)