Common use of Fully Paid-Up, Royalty Free License Clause in Contracts

Fully Paid-Up, Royalty Free License. After expiration of the Royalty Term for any Licensed Product in a country in the Territory, no further royalties shall be payable in respect of sales of such Licensed Product in such country and thereafter the Commercial License with respect to such Licensed Product in such country shall be a fully paid-up, perpetual, exclusive, irrevocable, royalty-free license.

Appears in 5 contracts

Samples: Research Collaboration, Option and License Agreement (CytomX Therapeutics, Inc.), Research Collaboration, Option and License Agreement (CytomX Therapeutics, Inc.), Research Collaboration, Option and License Agreement (CytomX Therapeutics, Inc.)

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Fully Paid-Up, Royalty Free License. After Following expiration of the applicable Royalty Term for any Licensed Product in a country in the Territorygiven country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and such sales shall not be included in Net Sales for any purpose hereunder, and thereafter the Commercial License license granted to Moderna hereunder with respect to such Licensed Product in such country shall be a automatically become fully paid-up, perpetual, exclusive, irrevocable, irrevocable and royalty-free licensefree.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Sesen Bio, Inc.), Collaboration and License Agreement (Sesen Bio, Inc.)

Fully Paid-Up, Royalty Free License. After Following expiration of the Royalty Term for any a Licensed Product in a country in the Territorygiven country, no further royalties shall will be payable in respect of sales of such Licensed Product in such country and and, thereafter the Commercial License license granted to OV hereunder with respect to such Licensed Product in such country shall be a will automatically become fully paid-up, perpetual, exclusive, irrevocable, irrevocable and royalty-free licensefree.

Appears in 2 contracts

Samples: License Agreement (Allarity Therapeutics, Inc.), License Agreement (Allarity Therapeutics, Inc.)

Fully Paid-Up, Royalty Free License. After Following expiration of the Royalty Term for any Licensed Product in a country in the Territorygiven country, no further royalties shall be payable in respect of sales of such Licensed Product in such country and and, thereafter the Commercial License license granted to AMAG under Sections 2.1 and 2.2 with respect to such Licensed Product in such country shall be a automatically become fully paid-up, perpetual, exclusive, irrevocable, irrevocable and royalty-free licensefree.

Appears in 2 contracts

Samples: License Agreement (Palatin Technologies Inc), License Agreement (Amag Pharmaceuticals Inc.)

Fully Paid-Up, Royalty Free License. After Following the expiration of the Royalty Term Period for any Licensed Product in a given country in the Territory, no further royalties shall be payable in respect of sales of such Licensed Product in such country and thereafter and, thereafter, the Commercial License license granted to Ajinomoto under Section 2.1 with respect to such Licensed Product in such country shall be automatically become a fully paid-up, perpetual, exclusive, irrevocable, royalty-free license.

Appears in 1 contract

Samples: License Agreement (Albireo Pharma, Inc.)

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Fully Paid-Up, Royalty Free License. After Following expiration of the Royalty Term for any Licensed the Product in a country in the Territorygiven country, no further royalties shall will be payable in respect of sales of such Licensed Product in such country and and, thereafter the Commercial License license granted to OV hereunder with respect to such Licensed Product in such country shall be a will automatically become fully paid-up, perpetual, exclusive, irrevocable, irrevocable and royalty-free licensefree.

Appears in 1 contract

Samples: Exclusive License Agreement (Allarity Therapeutics, Inc.)

Fully Paid-Up, Royalty Free License. After Following expiration of the Royalty Term for any Licensed the Product in a country in the Territorygiven country, no further royalties shall will be payable in respect of sales of such Licensed Product in such country and and, thereafter the Commercial License license granted to XXXXXX hereunder with respect to such Licensed Product in such country shall be a will automatically become fully paid-up, perpetual, exclusive, irrevocable, irrevocable and royalty-free licensefree.

Appears in 1 contract

Samples: Exclusive License Agreement (Allarity Therapeutics, Inc.)

Fully Paid-Up, Royalty Free License. After Following the expiration of the Royalty Term for any Licensed Product in a given country in the Territory, no further royalties shall be payable in respect of sales of such Licensed Product in such country and thereafter and, thereafter, the Commercial license granted to Company under Section 2.1 (License to Company) with respect to such Licensed Product in such country shall be a automatically become fully paid-up, perpetual, exclusive, irrevocable, non-terminable and royalty-free licensefree.

Appears in 1 contract

Samples: License Agreement (HUTCHMED (China) LTD)

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