Subcontractor Licensee definition
Examples of Subcontractor Licensee in a sentence
Upon Licensor's receipt of the quarterly reports prepared by Subcontractor Licensee, as required under Section 9, Licensee shall pay Licensor on or before thirty (30) days following Licensor's receipt of such report any additional royalty amounts due based on sales of Licensed Products where the actual applicable royalty rate is twenty-five percent (25%).
Licensee shall require Subcontractor Licensee in writing to permit its books and records to be examined from time to time by an outside auditor selected by Licensor, at Licensor's expense, to verify the reports provided for in Section 9(a).
At least [***] prior to the anticipated closure of a sublicense agreement with a Third Party that is not a Subcontractor, Licensee will notify ReViral, provide a summary of the material terms of the potential sublicense, [***], which notice and summary will be the Confidential Information of Licensee.
Within [***] after the execution of any sublicense agreement to a Third Party that is not a Subcontractor, Licensee shall provide ReViral with a true and complete copy of such sublicense agreement, which shall be deemed to be Licensee Confidential Information; provided that Licensee shall have the right to redact any confidential or proprietary information contained to the extent that such information is not necessary for ReViral to confirm compliance with this Agreement.