Examples of Sublicense in a sentence
If such Sublicensee is not in breach of its obligations under the Sublicense agreement or this Agreement, TDT and the Sublicensee shall have the option, but not the obligation, to mutually enter into a written agreement granting such sublicense under the terms, including financial terms, of this Agreement, to the extent applicable to the scope of the sublicense granted to such Sublicensee.
Licensee may grant Sublicenses to Third Parties provided that: (i) the terms of the Sublicense are consistent with this License Agreement; (ii) the Sublicense is negotiated, executed, and implemented through a good faith arm’s length transaction between the Licensee and Third Party; and (iii) Licensee is represented in Sublicense negotiations by legal counsel who shall have reviewed this License Agreement.
Aggregate (Territory) Calendar Year Net Sales ($ USD) Applicable Royalty Rate During the Patent Royalty Term for the Applicable Country During the Know-How Royalty Term for the Applicable Country For the first $500 Million of Net Sales 12% 6% For the next $500 Million of Net Sales 12% 6% For Net Sales above $1,000 Million 12% 6% Sublicense Income.
Licensee will provide an unredacted copy of any Sublicense agreement, and any and all amendments thereto, to NCSU within thirty (30) days of execution.
In cases where the Licensee enters into a Sublicense, it will require its Sublicensee to comply with the aforementioned patent marking requirements.