Common use of Duration of Payments Clause in Contracts

Duration of Payments. Payments under 15.3.1 shall continue on a country-by-country basis until the expiration or finally determined invalidity of all patents, granted or to be granted, covering the products for which Revenues are being received in each country, or for ten (10) years from the first Commercial Sale of Product in each country, whichever is longer, provided that revenues are being received on the Product.

Appears in 2 contracts

Samples: Research and Development Agreement (Dyax Corp), Research and Development Agreement (Dyax Corp)

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Duration of Payments. Payments under 15.3.1 shall continue on a country-by-country basis until the expiration or finally determined invalidity of all patents, granted or to be granted, covering the products for which Revenues are being received in each country, or for ten (10) years ************* from the first Commercial Sale of Product in each country, whichever is longer, provided that revenues are being received on the Product.

Appears in 1 contract

Samples: Research and Development Agreement (Dyax Corp)

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Duration of Payments. Payments under 15.3.1 shall continue on a country-by-country basis until the expiration or finally determined invalidity of all patents, granted or to be granted, covering the products for which Revenues are being received in each country, or for ten (10) years *************** from the first Commercial Sale of Product in each country, whichever is longer, provided that revenues are being received on the Product.

Appears in 1 contract

Samples: Research and Development Agreement (Dyax Corp)

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