Common use of Royalty Term Clause in Contracts

Royalty Term. Royalties shall be payable on a country-by-country and Product-by-Product basis for sales occurring, as applicable, with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a Valid Claim of a Product Patent in such country (the “Royalty Term”).

Appears in 4 contracts

Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement (Avenue Therapeutics, Inc.), Assignment and Assumption Agreement (Avenue Therapeutics, Inc.)

AutoNDA by SimpleDocs

Royalty Term. Royalties shall be payable on a Product-by-Product and country-by-country basis (i) on Net Sales from first commercial sale to expiry of valid patent rights claiming the Product concerned or [**] years from first commercial sale, whichever is longer, and Product-by-Product basis for sales occurring, as applicable, with respect to a particular Product in a particular country until the date (ii) on which such Product is no longer covered all Sublicensee Revenues received by a Valid Claim of a Product Patent in such country (the “Royalty Term”)GenSight and/or its Affiliates from any Sublicensee.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement (Gensight Biologics S.A.), Partnership Agreement (Gensight Biologics)

Royalty Term. Royalties shall be payable on a Licensed Product-by- Licensed Product basis and for each Licensed Royalty Product and country-by-country and Product-by-Product basis for sales occurring, as applicable, with respect to a particular Product from the First Commercial Sale in a particular country until the date on which such Product is no longer covered by expiration of the last to expire of Licensed Patents that contains a Valid Claim of a Covering the Licensed Product Patent in such country (the “Royalty Term”).country,

Appears in 2 contracts

Samples: License Agreement (OKYO Pharma LTD), License Agreement (OKYO Pharma LTD)

Royalty Term. Royalties shall be payable payable, on a Product-by-Product and country-by-country and Product-by-Product basis basis, on Net Sales of Products for sales occurring, as applicable, the longer of (a) the term of any Patents Rights Controlled by a party with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a Valid Claim Covering the composition of a matter or therapeutic use of such Product Patent and providing marketing exclusivity for such Product in such country or (b) [**] years after the “Royalty Term”)First Commercial Sale of such Product in such country.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Lexicon Genetics Inc/Tx), Collaboration and License Agreement (Lexicon Genetics Inc/Tx)

Royalty Term. Royalties shall be payable payable, on a product-by-product and country-by-country and Product-by-Product basis basis, on Net Sales of Collaboration Products in the Field for sales occurring, as applicable, the longer of (a) the term of any Patent Rights Controlled by a party with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a Valid Claim Covering the composition of a matter or therapeutic use of such Collaboration Product Patent in such country country, (b) the “Royalty Term”)expiration of regulatory exclusivity for such Collaboration Product in such country, or (c) [**] after the First Commercial Sale of such Collaboration Product in such country.

Appears in 1 contract

Samples: Collaboration and License Agreement (Lexicon Pharmaceuticals, Inc./De)

Royalty Term. Royalties shall be payable on a product-by-product and country-by-country and Product-by-Product basis for sales occurring, as applicable, with respect to on Net Sales of Licensed Products from the First Commercial Sale of a particular Licensed Product in a particular country until the date on which such Product is no longer covered by a Valid Claim of a Product Patent as set forth in such country (the “Royalty Term”).Exhibit B.

Appears in 1 contract

Samples: License Agreement (Regen BioPharma Inc)

Royalty Term. Royalties shall be payable payable, on a product-by-product and country-by-country and Product-by-Product basis basis, on Net Sales of Reverted Products in the Field for sales occurring, as applicable, the longer of (a) the term of any Patent Rights Controlled by a party with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a Valid Claim Covering the composition of a matter or therapeutic use of such Reverted Product Patent in such country country, (b) the “Royalty Term”)expiration of regulatory exclusivity for such Reverted Product in such country, or (c) [**] after the First Commercial Sale of such Reverted Product in such country.

Appears in 1 contract

Samples: Collaboration and License Agreement (Lexicon Pharmaceuticals, Inc./De)

Royalty Term. Royalties The Royalty Payments payable by Purchaser to Sellers shall be payable paid on a Product-by-Product and country-by-country and Product-by-Product basis for sales occurring, as applicable, with respect to a particular from the date of the first commercial sale of such Product in a particular such country until the date on which expiration in such Product is no longer covered by a country of the last to expire Valid Claim of a Transferred Patent claiming such Product Patent in such country (the “Royalty Term”).

Appears in 1 contract

Samples: Asset Purchase Agreement (ProQR Therapeutics N.V.)

AutoNDA by SimpleDocs

Royalty Term. Royalties shall be payable on a Product-by-Product and country-by-country and Product-by-Product basis for sales occurringbasis, as applicable, with respect to from First Commercial Sale of a particular Product in a particular country until the date on which later of: (i) 10 years from the First Commercial Sale of such Product is no longer covered by a in such country and (ii) the expiration of the last-to-expire Valid Claim of a the Program Patents that Covers the manufacture, use, sale, offer for sale, or import of such Product Patent in such country (the “Royalty Term”).

Appears in 1 contract

Samples: Asset Purchase Agreement (PhaseBio Pharmaceuticals Inc)

Royalty Term. Royalties shall be payable on a Product-by-Product and country-by-country and Product-by-Product basis for sales occurring, as applicable, with respect to from the First Commercial Sale of a particular Product in a particular country until the date on which later of: (i) [***] from such First Commercial Sale of such Product is no longer covered by a in such country; (ii) expiration of all Regulatory Exclusivity for such Product in such country; and (iii) expiration of the last-to- expire Valid Claim of a the Product Patent Patents Covering the manufacture, use, sale, offer for sale or import of such Product in such country (the “Royalty Term” for such Product in such country).

Appears in 1 contract

Samples: Asset Purchase Agreement (Homology Medicines, Inc.)

Royalty Term. Royalties shall be payable by Company on Net Sales of Products on a Product-by-Product and country-by-country and Product-by-basis until the expiry of the Royalty Term for the applicable Product basis for sales occurringin the applicable country. Thereafter, as applicable, the licenses with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a Valid Claim of a Product Patent in such country (the “Royalty Term”)shall be fully paid up and non-exclusive.

Appears in 1 contract

Samples: License Agreement (Gemini Therapeutics, Inc. /DE)

Royalty Term. Royalties shall be are payable for each Licensed Product on a country-by-country and Productbasis until expiration of the last-byto-Product basis for sales occurring, as applicable, with respect to a particular Product in a particular country until the date on which such Product is no longer covered by a expire applicable Valid Claim of a Product Patent in such country (the “Royalty Term”)country.

Appears in 1 contract

Samples: Exclusive License Agreement (NaturalNano , Inc.)

Royalty Term. Royalties shall will be payable on a Product-by-Product and country-by-country and Product-by-basis commencing as of the First Commercial Sale of the relevant Product basis in the relevant country until the expiration of the Royalty Term for sales occurring, as applicable, such Product in such country. Upon expiration of the Royalty Term with respect to a particular Product and a country, the licenses granted to LICENSEE under this Agreement shall convert to perpetual, exclusive, fully paid-up, non-royalty-bearing licenses with respect to such Product in a particular country until the date on which such Product is no longer covered by a Valid Claim of a Product Patent in such country (the “Royalty Term”)country.

Appears in 1 contract

Samples: License Agreement (Medicines Co /De)

Time is Money Join Law Insider Premium to draft better contracts faster.