Common use of Highest Royalty Due Clause in Contracts

Highest Royalty Due. If a Product is covered by both the definition of Patent Product and Other Product, CSMC shall be entitled to the Patent Product Royalty Rate on the Product as defined in Section 4.3(a)(i), but shall not be entitled to also receive the Other Product Royalty Rate on the same Product under Section 4.3(a)(ii). To the extent a Product ceases being a Patent Product, but is still an Other Product, CSMC shall be entitled to receive a Royalty on such Product at the Other Product Royalty Rate, but only for such time as specified in Section 4.3(g).

Appears in 4 contracts

Samples: Exclusive Option Agreement (Kairos Pharma, LTD.), Exclusive Option Agreement (Kairos Pharma, LTD.), Exclusive Option Agreement (Kairos Pharma, LTD.)

AutoNDA by SimpleDocs

Highest Royalty Due. If a Product is covered by both the definition of Patent Product and Other Product, CSMC shall be entitled to the Patent Product Royalty Rate on the Product as defined in Section 4.3(a)(i4.2(a)(i), but shall not be entitled to also receive the Other Product Royalty Rate on the same Product under Section 4.3(a)(ii4.2(a)(ii). To the extent a Product ceases being a Patent Product, but is still an Other Product, CSMC shall be entitled to receive a Royalty on such Product at the Other Product Royalty Rate, but only for such time as specified in Section 4.3(g4.2(g).

Appears in 2 contracts

Samples: Exclusive License Agreement (Kairos Pharma, LTD.), Exclusive License Agreement (Kairos Pharma, LTD.)

AutoNDA by SimpleDocs

Highest Royalty Due. If a Product is covered by both the definition of Patent Product and Other Product, CSMC shall be entitled to the Patent Product Royalty Rate on the Product as defined in Section 4.3(a)(i4.2(a)(i), but shall not be entitled to also receive the Other Product Royalty Rate on the same Product under Section 4.3(a)(ii4.2(a)(ii). To the extent a Product ceases being a Patent Product, but is still an Other Product, CSMC shall be entitled to receive a Royalty on such Product at the Other Product Royalty Rate, but only for such time as specified in Section 4.3(g4(f).

Appears in 1 contract

Samples: Exclusive License Agreement (Kairos Pharma, LTD.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!