Royalty on Net Sales. In addition to the foregoing payments and responsibilities described in Sections 4.1-4.3, LICENSEE shall pay BCM a royalty of […***…] percent ([…***…]%) of Net Sales. Collectively the royalty payments that are the subject of this Section 4.4 are termed “Royalties” for purposes of this Agreement, and shall be due and payable as provided in Section 5 and shall be delivered to BCM in accordance with the invoice instructions provided below.
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Samples: Exclusive License Agreement (Bellicum Pharmaceuticals, Inc), Exclusive License Agreement, Exclusive License Agreement (Bellicum Pharmaceuticals, Inc)
Royalty on Net Sales. 4.3.1 In addition to the foregoing payments and responsibilities described in Sections 4.1-4.3foregoing, LICENSEE shall pay BCM a non-reducible royalty of […***…] percent ([…***…]%) of Net Sales. Collectively the royalty payments that are the subject of this Section 4.4 Paragraph 4.3 are termed “Royalties” for purposes of this Agreement, Agreement and shall be due and payable as provided in Section 5 and shall be delivered to BCM and may be invoiced in accordance with the invoice instructions provided below.
Appears in 2 contracts
Samples: Exclusive License Agreement (Acer Therapeutics Inc.), Exclusive License Agreement (Opexa Therapeutics, Inc.)
Royalty on Net Sales. In addition to the foregoing payments and responsibilities described in Sections 4.1-4.3foregoing, LICENSEE shall pay BCM a royalty of […***…] percent ([…***…]%) of Net SalesSales as set forth below. Collectively the royalty payments that are the subject of this Section 4.4 4.3 are termed “Royalties” for purposes of this Agreement, Agreement and shall be due and payable as provided in Section 5 and shall be delivered to BCM in accordance with the invoice instructions provided below.
Appears in 1 contract
