Non-Monetary Consideration. In the event BMS (or its Affiliates or sublicensees) receives any non-monetary consideration in connection with the sale or other commercial disposition of Products, Athersys’s royalty shall be based on the fair monetary value of such other consideration. In such case, BMS shall disclose to Athersys, on a confidential basis, the terms of such arrangement, and the Parties shall agree in good faith on such monetary value, which shall then be included in Net Sales for the period in which it was received by BMS (or its Affiliates or sublicensees).
Appears in 4 contracts
Samples: Cell Line Collaboration and License Agreement (Athersys, Inc / New), Research Collaboration and License Agreement (BTHC VI Inc), Cell Line Collaboration and License Agreement (BTHC VI Inc)
