We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Competing Product Sales Clause in Contracts

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [**] percent ([**]%) of Net Sales of Products in that country in the Territory.

Appears in 3 contracts

Samples: Development, Commercialization and Supply Agreement (Auxilium Pharmaceuticals Inc), Development and License Agreement (Auxilium Pharmaceuticals Inc), Development, Commercialization and Supply Agreement (Auxilium Pharmaceuticals Inc)

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]<OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> % or greater, then the royalty due for sales in that country in the Territory shall be reduced to [**] <OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> percent ([**]<OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> %) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Biospecifics Technologies Corp)

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [***] percent ([**]%) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Auxilium Pharmaceuticals Inc)

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [***]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [***] percent ([***]%) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Biospecifics Technologies Corp)