Sublicensee definition
Examples of Sublicensee in a sentence
Except [***] Yarrow (itself or through its Affiliate or Sublicensee) will be responsible and have sole control over and decision-making authority with respect to all Manufacturing activities in the Territory for the Manufacture of Licensed Molecules for use in and to Develop and Commercialize Licensed Products in the Territory.
Yarrow shall include in each relevant sublicense granted by it a provision requiring the Sublicensee to maintain records of sales of Licensed Products made pursuant to such sublicense [***].
Any such sublicense will be consistent with the terms of this Agreement and obligate the Sublicensee to comply with the applicable terms of this Agreement.
On a Licensed Product-by-Licensed Product and country-by-country basis, Yarrow may deduct from the royalties owed to GenSci pursuant to Section 9.6.1 (Royalty Rate), with respect to such Licensed Product, [***]% of any Third Party Payments paid by Yarrow or any Affiliate or Sublicensee with respect to the Exploitation of such Licensed Product in such country.
If Licensee, its Affiliates or a Sublicensee institutes a Challenge, Ligand may, at its option, terminate this Agreement and revoke any rights and licenses herein with [***] prior written notice.