Valid Claim. If, at the time a Licensed Product is sold in a country during the Royalty Term for such Licensed Product, there is no longer a Valid Claim that Covers such Licensed Product in such country, the Royalty rates provided in Section 8.6.2 above for the sale of such Licensed Product in such country will be reduced in such country by [***].
Appears in 2 contracts
Samples: License Agreement (Precision Biosciences Inc), License Agreement (Tg Therapeutics, Inc.)
Valid Claim. If, at the time a Licensed Product is sold in a country during the Royalty Term for such a Licensed Product, there is no longer a Valid Claim of a Precision Patent that Covers such Licensed Product in such country, the Royalty rates provided in Section 8.6.2 9.4.2 above for the sale of such Licensed Product in such country will be reduced in such country by [***].
Appears in 2 contracts
Samples: Development and License Agreement (Precision Biosciences Inc), Development and License Agreement (Precision Biosciences Inc)
Valid Claim. If, at the time a Licensed Product is sold in a country during the Royalty Term for such a Licensed Product, there is no longer a Valid Claim of a Precision Licensed Patent that Covers such Licensed Product in such country, the Royalty rates provided in Section 8.6.2 9.4.2 above for the sale of such Licensed Product in such country will be reduced in such country by [***].
Appears in 1 contract
Samples: Collaboration and License Agreement (Precision Biosciences Inc)
Valid Claim. If, at the time a Licensed Product is sold in a country during the Royalty Term for such Licensed Product, there is no longer a Valid Claim that Covers such Licensed Product in such country, the Royalty rates provided in Section 8.6.2 9.3.2 above for the sale of such Licensed Product in such country will be reduced in such country by [***].
Appears in 1 contract
