Common use of Licensed Product and Territory Clause in Contracts

Licensed Product and Territory. “Licensed Product” means any type of tissue culture plantlets or mini-tubers, pre-nuclear, nuclear, first field generations, and later generations of seed potatoes of the following variety(ies) selected from among those listed in Exhibits A and B (attached hereto) (“PVMI Varieties”), to be grown solely in the territory(ies) indicated below (the “Territory”): Variety Designation Territory (select and identify specific states/country, as applicable) Tri-State Area (Oregon, Washington, Idaho) Other U.S. (Outside Tri-State Area) International [$100 Annual License Fee] [$250 Annual License Fee] [US$250 Annual License Fee] [$0.25/cwt royalty rate] [$0.50/cwt royalty rate] [US$1.00/cwt royalty rate] [$1.00/cwt royalty rate for specialty varieties] [$1.00/cwt royalty rate for specialty varieties] [US$2.00/cwt royalty rate for specialty varieties]