Common use of Sold Clause in Contracts

Sold. In the event the Licensed Product(s) is sold as part of a kit, or in combination with other products not covered by this Agreement (such as detection systems), the Net Sales Price for such products which contain the Licensed Product(s) will be calculated as B * (A/B), where A is the gross sales price of an equivalent unit of Licensed Product(s) sold separately, less allowances, and B is the gross sales price of the kit or combination of products in which the Licensed Product(s) is included less allowances.

Appears in 2 contracts

Sources: License Agreement (Igx Corp/De), License Agreement (Igx Corp/De)