Common use of Royalty Offsets Clause in Contracts

Royalty Offsets. (a) Subject to Sections 10.4(b), (c) and (d), Genmab or, in the case of a Unilateral Product (i.e., Genmab Products and SGI Products), the Continuing Party (i.e., Genmab or SGI) shall be solely responsible for paying all amounts, including any license fees, milestones and royalties owed to Third Parties by either Genmab or SGI on account of developing and commercializing Exclusive Products or Unilateral Products, including any royalties owed due to use of the SGI Technology or Genmab Technology.

Appears in 4 contracts

Samples: License and Collaboration Agreement (Genmab a/S), License and Collaboration Agreement (Genmab a/S), License and Collaboration Agreement (Seattle Genetics Inc /Wa)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.