Common use of Patent Royalties Clause in Contracts

Patent Royalties. ZMC shall pay Ambrx royalties in an amount equal to the following percentage of Net Sales of Licensed Products sold by ZMC or its Affiliates: 6.2.1 [***] of such Net Sales in the Territory in each Calendar Year up to and including Net Sales of [***]; 6.2.2 [***] of such Net Sales in the Territory in each Calendar Year for the portion of such Net Sales exceeding of [***] up to and including of [***]; and 6.2.3 [***] of such Net Sales in the Territory in each Calendar Year for the portion of such Net Sales exceeding [***].

Appears in 4 contracts

Samples: Co Development and License Agreement (Ambrx Biopharma Inc.), Co Development and License Agreement (Ambrx Biopharma Inc.), Co Development and License Agreement (Ambrx Inc)

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