Common use of Development Milestone Payments Clause in Contracts

Development Milestone Payments. Upon achievement of the following milestones events for any of the Licensed Products the Licensee shall pay NTUitive the following non-refundable sums. (a) […***…] (b) […***…] (c) […***…] (d) […***…] The Licensee shall notify NTUitive upon the occurrence of each milestone event above within […***…] of such occurrence and shall pay the relevant Development Milestone Payment within […***…] upon occurrence of the milestone.

Appears in 4 contracts

Samples: Licensing and Research Collaboration Agreement, Licensing and Research Collaboration Agreement (ASLAN Pharmaceuticals LTD), Licensing and Research Collaboration Agreement (ASLAN Pharmaceuticals LTD)

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