External Product definition
Examples of External Product in a sentence
The payment of royalties hereunder shall be limited to only one royalty payment with respect to a single unit of an External Product regardless of the number of claims within the Whittier Patent such External Product, but for the License Rights, would have infringed.
All up-front payments received by the Proposing Party and/or its Affiliates from a Third Party with respect to the licensing of the Proposing Party's Patent Rights, Technology or Manufacturing Know-How for use in developing, manufacturing and/or commercializing such External Product will be shared by the Parties in accordance with their Percentage Interests.
An External Product shall not be considered to be a Collaboration Product for purposes of this Agreement.
All subsequent license fees, milestones and royalty payments relating to, or revenues generated from the sale of, such External Product, and any proceeds from the sale of all of the rights to such External Product, will be distributed in accordance with the formula set forth on SCHEDULE 3.2 hereto.
If the Proposing Party and the Steering Committee are unable to agree upon such terms and conditions within sixty (60) days after receipt by the Steering Committee of the Proposing Party's notice, the Proposing Party shall have the right to develop or commercialize such External Product with a Third Party.
If at any time during the term of this ----------------- Agreement either Genzyme, BioMarin or their respective Affiliates intends to collaborate with a Third Party regarding the development and/or commercialization of a Gene Therapy product for the treatment or prevention of MPS I or other Alpha-L-iduronidase deficiencies (an "External Product"), such ---------------- Party (the "Proposing Party") shall provide written notice of its intent to the --------------- Steering Committee.
The Parties shall negotiate in good faith any license and royalty agreements necessary to permit the Proposing Party to develop and commercialize an External Product in accordance with this Section 3.2. Genzyme and Dyax acknowledge and agree that the Surgical Product shall be considered an External Product.
All subsequent license fees, milestones and royalty payments relating to, or revenues generated from the sale of, such External Product, and any proceeds from the sale of all of the rights to such External Product, will be distributed in accordance with the formula set forth on Schedule 3.2 hereto.
The BIO Parties hereby grant to Acutus a non-exclusive license under the BIO External Product Technology solely for the purpose to exercise the rights granted to Acutus under this Section 2.1(e).
Should any such review and determination identify any deficiencies in such transfers, then the BIO Parties shall promptly remedy same by making transfers of yet to be transferred BIO FS Product Know-How and/or BIO External Product Interface Know-How to Acutus.