Common use of CELGENE's Recovery Clause in Contracts

CELGENE's Recovery. In the event that CELGENE shall undertake the enforcement and/or defense of the PATENT RIGHTS by litigation, any recovery of damages by CELGENE for any such litigation shall be applied first in satisfaction of any unreimbursed expenses and legal fees of CELGENE relating to the suit. The balance remaining from any such recovery shall, after ENTREMED receives its royalties from lost sales, belong to CELGENE.

Appears in 4 contracts

Samples: Confidentiality Agreement (Entremed Inc), Confidentiality Agreement (Celgene Corp /De/), Confidentiality Agreement (Entremed Inc)

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