Common use of Change in Sales Practices Clause in Contracts

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated under Section 5.4.1.

Appears in 5 contracts

Samples: Exclusive Patent License and Research Collaboration Agreement, Exclusive Patent License and Research Collaboration Agreement, Exclusive Patent License and Research (Cue Biopharma, Inc.)

AutoNDA by SimpleDocs

Change in Sales Practices. The Parties acknowledge that that, during the term of this Agreement, Merck’s the sales practices of Merck or its Affiliates for the marketing Commercialization and distribution of Product may change to the extent to which the calculation of the payment for royalties Royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated Xxxxx under Section 5.4.1this Agreement.

Appears in 2 contracts

Samples: License and Option Agreement, License and Option Agreement (Coley Pharmaceutical Group, Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this AgreementTerm, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties Royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Zymeworks to the extent currently contemplated under Section 5.4.16.3.

Appears in 2 contracts

Samples: Research and License Agreement (Zymeworks Inc.), Research and License Agreement (Zymeworks Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, MerckMERCK’s sales practices for the marketing and distribution of Product its products generally may change to the extent to which that the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company PROTIVA to the extent currently contemplated under Section 5.4.15.5.1.

Appears in 2 contracts

Samples: Extend Time Period (TEKMIRA PHARMACEUTICALS Corp), Settlement Agreement (Tekmira Pharmaceuticals Corp)

Change in Sales Practices. The Parties parties acknowledge that during the term of this Agreement, MerckMERCK’s sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company ARRIS to the extent currently contemplated under Section 5.4.1.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Celera CORP), Research Collaboration and License Agreement (Celera CORP)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Metabasis to the extent currently contemplated under Section 5.4.15.5.1.

Appears in 2 contracts

Samples: License and Research Collaboration Agreement (Metabasis Therapeutics Inc), License and Research Collaboration Agreement (Metabasis Therapeutics Inc)

Change in Sales Practices. The Parties parties acknowledge that during the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Product Licensed Products may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company Transcell to the extent currently contemplated under Section 5.4.1.

Appears in 2 contracts

Samples: License Agreement (Intercardia Inc), Research Collaboration and License Agreement (Interneuron Pharmaceuticals Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this AgreementTerm, Merck’s sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated under Section 5.4.17.5.1.

Appears in 2 contracts

Samples: Exclusive License and Research Collaboration Agreement (Artiva Biotherapeutics, Inc.), Exclusive License and Research Collaboration Agreement (Artiva Biotherapeutics, Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, MerckMERCK’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company AVEO to the extent currently contemplated under Section 5.4.1; provided, however if the Parties cannot agree on new ways of compensating AVEO, the terms of this Agreement shall remain in full force and effect.

Appears in 2 contracts

Samples: License and Research Collaboration Agreement (Aveo Pharmaceuticals Inc), License and Research Collaboration Agreement (Aveo Pharmaceuticals Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Product may change to the extent to which that the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event event, the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Vertex to the extent currently contemplated under Section 5.4.15.13.

Appears in 2 contracts

Samples: License and Commercialization Agreement (Vertex Pharmaceuticals Inc / Ma), License and Commercialization Agreement (Vertex Pharmaceuticals Inc / Ma)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which that the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event event, the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Vertex to the extent currently contemplated under Section 5.4.15.13.

Appears in 1 contract

Samples: License and Commercialization Agreement (Vertex Pharmaceuticals Inc / Ma)

Change in Sales Practices. The Parties acknowledge that during the term of this AgreementTerm, Merck’s sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated under Section 5.4.16.4.1.

Appears in 1 contract

Samples: Research Collaboration and Exclusive License Agreement (Janux Therapeutics, Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Dynavax to effect the extent currently same economic outcome contemplated under Section 5.4.1.

Appears in 1 contract

Samples: Exclusive License and Development Collaboration Agreement (Dynavax Technologies Corp)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s MERCK's sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company DOV to the extent currently contemplated under Section 5.4.15.6.1.

Appears in 1 contract

Samples: Agreement (Dov Pharmaceutical Inc)

Change in Sales Practices. The Parties parties acknowledge that during the term of this Agreement, Merck’s MERCK's sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company NEOGENESIS to the extent currently contemplated under Section 5.4.15.3.1.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Neogenesis Pharmaceuticals Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which that the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event event, the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Vertex to the extent currently contemplated under Section 5.4.15.13. * Information redacted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission.

Appears in 1 contract

Samples: Confidential Treatment Requested (Vertex Pharmaceuticals Inc / Ma)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s MERCK's sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company NITROMED to the extent currently contemplated under Section 5.4.1; provided, however, if the Parties cannot agree in new ways of compensating NITROMED, the terms of this Agreement shall remain in full force and effect.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Nitromed Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, MerckMERCK’s sales practices for the marketing and distribution of Product or Tests may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company deCODE to the extent currently contemplated under Section 5.4.1.

Appears in 1 contract

Samples: License and Research Collaboration Agreement (Decode Genetics Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible[**]. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated under Section 5.4.1[**].

Appears in 1 contract

Samples: Research Collaboration and Exclusive License Agreement (Foghorn Therapeutics Inc.)

AutoNDA by SimpleDocs

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company to the extent currently contemplated under Section 5.4.15.2.3(a).

Appears in 1 contract

Samples: License Agreement (Armata Pharmaceuticals, Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Bionomics to the extent currently contemplated under Section 5.4.1.

Appears in 1 contract

Samples: Collaboration and License Agreement (Bionomics Limited/Fi)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s MERCK's sales practices for the marketing and distribution of Product or Tests may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company deCODE to the extent currently contemplated under Section 5.4.1.

Appears in 1 contract

Samples: License and Research Collaboration Agreement (Decode Genetics Inc)

Change in Sales Practices. The Parties parties acknowledge that during the term -------------------------- of this Agreement, Merck’s 's sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company CytRx to the extent currently contemplated under Section 5.4.14.4.1.

Appears in 1 contract

Samples: License Agreement (Cytrx Corp)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Nastech to the extent currently contemplated under Section 5.4.1.

Appears in 1 contract

Samples: And License Agreement (Nastech Pharmaceutical Co Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this AgreementTerm, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Cocrystal to the extent currently contemplated under Section 5.4.1.

Appears in 1 contract

Samples: License and Research Collaboration Agreement (Cocrystal Pharma, Inc.)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company Avalon to the extent currently contemplated under Section 5.4.15.3.1, but neither Party shall be obligated to agree to any change in compensation.

Appears in 1 contract

Samples: Exclusive License and Research (Avalon Pharmaceuticals Inc)

Change in Sales Practices. The Parties parties acknowledge that during the term of this AgreementTerm, Merck’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company Metabasis to the extent currently contemplated under Section 5.4.15.4, subject to the mutual written agreement of the parties.

Appears in 1 contract

Samples: License and Collaboration Agreement (Metabasis Therapeutics Inc)

Change in Sales Practices. The Parties parties acknowledge that during ------------------------- the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company CytRx to the extent currently contemplated under Section 5.4.14.4.1.

Appears in 1 contract

Samples: License Agreement (Cytrx Corp)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, Merck’s 's sales practices for the marketing and distribution of Product [**] may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company deCODE to the extent currently contemplated under Section 5.4.15.5.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Decode Genetics Inc)

Change in Sales Practices. The Parties acknowledge that during the term of this Agreement, MerckMERCK’s sales practices for the marketing and distribution of Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties agree to meet and reasonably discuss in good faith new ways of compensating Company ARENA on a basis economically equivalent to the payments to ARENA to the extent currently contemplated provided for under Section 5.4.1.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Arena Pharmaceuticals Inc)

Change in Sales Practices. The Parties parties acknowledge that during the term ------------------------- of this Agreement, Merck’s 's sales practices for the marketing and distribution of Licensed Product may change to the extent to which the calculation of the payment for royalties on Net Sales may become impractical or even impossible. In such event the Parties parties agree to meet and reasonably discuss in good faith new ways of compensating Company CytRx to the extent currently contemplated under Section 5.4.14.4.1.

Appears in 1 contract

Samples: License Agreement (Cytrx Corp)

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