Common use of Reverse Royalty Clause in Contracts

Reverse Royalty. In consideration of the licenses granted by Forest to ▇▇▇▇▇▇▇ pursuant to Section 11.4.2 or Section 11.5.2 and other consideration provided to ▇▇▇▇▇▇▇ pursuant to Section 11.4, Section 11.5, or Section 11.7, as the case may be, ▇▇▇▇▇▇▇ shall pay Forest a royalty on Net Sales of each Returned Licensed Product in each Terminated Territory during the Reverse Royalty Term for such Returned Licensed Product in such Terminated Territory, on the following terms:

Appears in 2 contracts

Sources: License Agreement (Trevena Inc), License Agreement (Trevena Inc)