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

Fully Paid-Up, Royalty Free License. Following expiration of the Royalty Term for any Initial Licensed Product in a country, no further royalties shall be payable in respect of sales of such Initial Licensed Product in such country and, thereafter the license granted to Biogen under Section 5.1 with respect to such Initial Licensed Product in such country shall be a fully paid-up, perpetual, exclusive, irrevocable, royalty-free license.

Fully Paid-Up, Royalty Free License. Following expiration of the Royalty Term for any Initial Licensed Discovery Product in a country, no further royalties shall be payable in respect of sales of such Initial Licensed Discovery Product in such country and, thereafter the license granted to Biogen under Section 5.1 with respect to such Initial Licensed Discovery Product in such country shall be a fully paid-up, perpetual, exclusive, irrevocable, royalty-free license.

Fully Paid-Up, Royalty Free License. Following the expiration of the Royalty Term for any Initial Licensed Collaboration Product in a any country, no further royalties shall be payable under Section 4.5.1(a) (Royalty Rate) in respect of sales of such Initial Licensed Collaboration Product in such country and, thereafter thereafter, the license licenses granted to Biogen under Section 5.1 3.2.1 (Licenses to Biogen) with respect to such Initial Licensed Collaboration Product in such country shall be a automatically become fully paid-up, perpetual, exclusive, irrevocable, royalty-free licensefree, non-exclusive, sublicensable licenses.