Patent Royalties definition
Patent Royalties has the meaning set forth in Section 4.4(a).
Patent Royalties. Section 6.2
Patent Royalties. For rights under any and all Licensed Patents, for a period of 20 years from the date of this agreement, a royalty of Five Per Cent (5%) of gross sales of BSI.
Examples of Patent Royalties in a sentence
If, at any time during the Royalty Term, the manufacture, use or sale of a Licensed Product does not infringe a Valid Claim of an Acuitas LNP Patent, then the Royalty rate used to calculate royalty payments on Net Sales of such Licensed Product will be the Minimum Royalty (“Know-How Royalties”, and together with the Patent Royalties, the “Royalties”).
More Definitions of Patent Royalties
Patent Royalties has the meaning set forth in Section 3.3(a).
Patent Royalties means royalties payable by Endo to Durect during any Patent Royalty Term pursuant to Section 5.3(a).