Examples of Patented Products in a sentence
Payment of the remaining balance of the purchase price in the form of royalties as defined in this section 2, or any portion thereof, is subject to modification and recalculation depending on the Buyer's net revenues from sale of Patented Products during the Royalty Period commencing in 2017.
Licensee shall itself use, or shall cause its Affiliates or Sublicensees, as applicable, to use, commercially reasonable efforts to develop and make available to the public Patented Products throughout the Territory in the Field.
Licensee agrees that it shall be solely responsible for obtaining any necessary licenses to export, re-export, or import Patented Products covered by Patent Rights and/or Confidential Information and that it will indemnify, defend, and hold BIDMC harmless (in accordance with Section 8.1) for the consequences of any violation by Licensee, its Affiliates or Sublicensees of any such laws or regulations.
Licensee shall have the sole obligation for compliance with, and shall ensure that any Affiliates and Sublicensees comply with, all government statutes and regulations that relate to Patented Products, including, but not limited to, those of the Food and Drug Administration and the Export Administration, and any applicable laws and regulations of any other country in the Territory.
Within two and one half (2 1/2) months after the last day of each of its fiscal years, Immunomedics will provide Xx. Xxxxxxxxxx with a report that includes computation of Annual Net Revenue, of annual Product Royalties, of annual royalties on Patented Products, and Disposition Payments (if any) for the entire year and all amounts due with respect to that year (based on audited financials), as adjusted for the minimum payment provided to Xx. Xxxxxxxxxx pursuant to Section 4.2(b) above.
Such royalty shall be the highest applicable royalty under either (a), (b) or (c) of Section 2.2, subject to reduction in accordance with Section 2.3. In addition, [*] royalty shall be payable under this Agreement with respect to sales of Patented Products or Other Royalty Products among Pegas, its Affiliates and/or sublicensees for resale, upon the understanding that royalties will be due pursuant to the terms of this Agreement upon such resale.
The Company agrees that the MIT Patented Products leased or sold in the United States of America shall be manufactured substantially in the United States of America.
In consideration of the agreements of Georal to waive its license agreement for the Patented Products and, in consideration for the purchase of the Patent registered as United States patent no.
During the term of this Agreement and for ten (10) years after the end of the term of this Agreement, Pegas will obtain and maintain at its expense product liability insurance, in which ETI and Xx. Xxxxxxx shall be named as additional insureds against all claims, demands or causes of action arising out of alleged defects in or out of the use of Patented Products or Other Royalty Products made by Pegas.
Pegas will comply with, and this Agreement will be subject to, all laws, rules and regulations of the United States that may be applicable to the disclosure or export of the Patent Rights and/or the Related Technology and the sale or export of the Patented Products and Other Royalty Products.