Common use of Product Transfers Clause in Contracts

Product Transfers. If a Product is made in a country in which any of the Patent Rights exist, then Licensee shall be obligated to pay a royalty on the sale or transfer of such Product even if such sale or transfer occurs in a country in which no patent protection exists; and if a Product is sold in a country in which any of the Patent Rights exist, then Licensee shall be obligated to pay a royalty on the sale or transfer of such Product even if such Product was made in a country in which no patent protection exists.

Appears in 5 contracts

Samples: License Agreement (RespireRx Pharmaceuticals Inc.), Exclusive License Agreement (RespireRx Pharmaceuticals Inc.), Amd Amended Exclusive License Agreement (Xg Sciences Inc)

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Product Transfers. If a Product is made in a country in which any of the Patent Intellectual Property Rights exist, then Licensee shall be obligated to pay a royalty on the sale or transfer of such Product even if such sale or transfer occurs in a country in which no patent intellectual property protection exists; and if a Product is sold in a country in which any of the Patent Intellectual Property Rights exist, then Licensee shall be obligated to pay a royalty on the sale or transfer of such Product even if such Product was made in a country in which no patent intellectual property protection exists.

Appears in 1 contract

Samples: Exclusive Software and Intellectual Property License Agreement

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