Common use of First Sale Clause in Contracts

First Sale. LICENSEE shall report to UNIVERSITY the date of first SALE of LICENSED PRODUCTS in LICENSED TERRITORY within [**] of occurrence. An exemplary report format is set forth as Appendix C.

Appears in 3 contracts

Sources: Exclusive License Agreement (Decibel Therapeutics, Inc.), Exclusive License Agreement (Decibel Therapeutics, Inc.), Exclusive License Agreement (Decibel Therapeutics, Inc.)

First Sale. LICENSEE shall report to UNIVERSITY the date of first SALE of LICENSED PRODUCTS in each country of LICENSED TERRITORY within [***] days of occurrence. An exemplary report format is set forth as Appendix C.

Appears in 1 contract

Sources: Exclusive License Agreement (Yield10 Bioscience, Inc.)