Common use of Sponsored Research Clause in Contracts

Sponsored Research. 3.1 LICENSEE shall sponsor research relevant to the TECHNOLOGY at the facilities of each of the LICENSORS. 3.2 LICENSEE agrees to provide not less than $[***] to DUKE and $[***] to MVP (less any amounts received by MVP from BIRD) for sponsored research during the first twenty-four (24) months following the EFFECTIVE DATE. 3.3 Payments for such sponsored research shall be made at least semiannually to each of the LICENSORS at the annual rate of at least $[***] per year; provided, however, that with respect to MVP, these payments shall be reduced by the amounts received by MVP from BIRD. 3.4 The funding for sponsored research at DUKE is to support research at DUKE by Dr. [***], and it is understood that if for any reason, Dr. [***] should no longer be affiliated with DUKE during the period for which the funding is provided, then DUKE will transfer the funding to another institution with which Dr. [***] may affiliate, upon his departure from DUKE.

Sponsored Research. 3.1 LICENSEE shall sponsor research relevant to the TECHNOLOGY at the facilities of each of the LICENSORS. 3.2 LICENSEE agrees to provide not less than $[***] to DUKE and $[***] to MVP (less any amounts received by MVP from BIRD) for sponsored research during the first twenty-four (24) months following the EFFECTIVE DATE. 3.3 Payments for such sponsored research shall be made at least semiannually to each of the LICENSORS at the annual rate of at least $[***] per year; provided, however, that with respect to MVP, these payments shall be reduced by the amounts received by MVP from BIRD. 3.4 The funding for sponsored research at DUKE is to support research at DUKE by Dr. [***], and it is understood that if for any reason, Dr. [***] should no longer be affiliated with DUKE during the period for which the funding is provided, then DUKE will transfer the funding to another institution with which Dr. [***] may affiliate, upon his departure from DUKE.

Sponsored Research. 3.1 LICENSEE shall sponsor research relevant to the TECHNOLOGY at the facilities of each of the LICENSORS. 3.2 LICENSEE agrees to provide not less than $[…***…] to DUKE and $[…***…] to MVP (less any amounts received by MVP from BIRD) for sponsored research during the first twenty-four (24) months following the EFFECTIVE DATE. 3.3 Payments for such sponsored research shall be made at least semiannually to each of the LICENSORS at the annual rate of at least $[…***…] per year; provided, however, that with respect to MVP, these payments shall be reduced by the amounts received by MVP from BIRD. 3.4 The funding for sponsored research at DUKE is to support research at DUKE by Dr. […***…], and it is understood that if for any reason, Dr. […***…] should no longer be affiliated with DUKE during the period for which the funding is provided, then DUKE will transfer the funding to another institution with which Dr. […***…] may affiliate, upon his departure from DUKE.