Common use of Duration of Royalty Payments Clause in Contracts

Duration of Royalty Payments. Royalties under Article 6.2 shall be payable on a country by country basis for the longer of : a) the life of ASTRAZENECA Patent Rights which are necessary to continue to manufacture, use or sell the Product in such country; or b) a period of ten (10) years from Launch in that country (provided always that in the case of a country within the European Economic Area such ten (10) years period shall run from the date of Launch anywhere in the European Economic Area);

Appears in 2 contracts

Samples: Option Agreement (Medicines Co /De), Study and Exclusive Option Agreement (Medicines Co/ Ma)

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Duration of Royalty Payments. Royalties under Article 6.2 shall be payable on a country by country basis for the longer of : a) the life of ASTRAZENECA Patent Rights which are necessary to continue to manufacture, use or sell the Product in such country; or b) a period of ten (10) [**] years from Launch in that country (provided always that in the case of a country within the European Economic Area such ten (10) [**] years period shall run from the date of Launch anywhere in the European Economic Area);

Appears in 1 contract

Samples: Option Agreement (Medicines Co /De)

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Duration of Royalty Payments. Royalties under Article 6.2 shall be payable on a country by country basis for the longer of : a) the life of ASTRAZENECA Patent Rights which are necessary to continue to manufacture, use or sell the Product in such country; or b) a period of ten (10) [**] years from Launch in that country (provided always that that, in the case of a country within the European Economic Area Area, such ten (10) years [**] year period shall run from the date of Launch anywhere in the European Economic Area);.

Appears in 1 contract

Samples: License Agreement (Medicines Co /De)

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