Common use of First Twelve Years Clause in Contracts

First Twelve Years. CELGENE shall pay to ENTREMED the following royalties on the NET SALES of PRODUCTS sold by CELGENE or its AFFILIATES in each country of the TERRITORY (i) for the first consecutive twelve (12) years from the date of the FIRST COMMERCIAL SALE of a PRODUCT in each country of the TERRITORY, and, separately and independently, (ii) for the first consecutive twelve (12) years from the date of the FIRST COMMERCIAL SALE of each PRODUCT that contains, as a second active ingredient, a compound other than THALIDOMIDE, in each country of the TERRITORY:

Appears in 4 contracts

Samples: Agreement (Celgene Corp /De/), CMCC Agreement (Entremed Inc), Agreement (Celgene Corp /De/)

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