Common use of Royalty Reporting Clause in Contracts

Royalty Reporting. After the first sale anywhere in the Territory, within 10 Business Days following the end of each Calendar Quarter, Licensee shall deliver to MPP a statement accounting for, inter alia, all royalties calculations, Licensed Products and/or Compound (in terms of smallest units and patient packs for each formulation) sold or supplied by Licensee under this Agreement during such Calendar Quarter in the reporting template as set forth in Appendix 4. For the avoidance of doubt, such royalty reports shall include sales for which no royalty payment may be due and payable. MPP agrees that information contained in quarterly and other such reports shall be treated as Confidential Information, provided, however, that such information may be shared with Shionogi (with Shionogi treating such reports as Confidential Information).