Common use of Royalty Conditions Clause in Contracts

Royalty Conditions. All royalties due to Protagonist pursuant to Section 7.5.1 are subject to the following conditions: (a) only one royalty shall be due with respect to the same unit of Licensed Product; (b) no royalties shall be due upon the sale or other transfer among Xxxxxxx or its Affiliates, but in such cases the royalty shall be due and calculated upon Xxxxxxx’x or its Affiliate’s Net Sales to the first independent Third Party, and distributors of Xxxxxxx selling Licensed Product that are not Affiliates of Xxxxxxx will not, for this purpose, be deemed to be sublicensees of Xxxxxxx and shall instead be considered as independent Third Parties; and (c) no royalties shall be due upon free samples, donations, patient assistance, test marketing programs or other similar programs or studies.

Appears in 3 contracts

Samples: License and Collaboration Agreement (Protagonist Therapeutics, Inc), License and Collaboration Agreement, License and Collaboration Agreement (Protagonist Therapeutics, Inc)

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Royalty Conditions. All royalties due to Protagonist argenx pursuant to Section 7.5.1 8.6.1 are subject to the following conditions: (a) only one royalty shall be due with respect to the same unit of Licensed Product; (b) no royalties shall be due upon the sale or other transfer among Xxxxxxx or its Affiliates, but in such cases the royalty shall be due and calculated upon Xxxxxxx’x or its Affiliate’s Net Sales to the first independent Third Party, and distributors Distributors of Xxxxxxx selling Licensed Product that are not Affiliates of Xxxxxxx will not, for this purpose, be deemed to be sublicensees of Xxxxxxx and shall instead be considered as independent Third Parties; and (c) no royalties shall be due upon free samples, donations, patient assistance, test marketing programs or other similar programs or studies.

Appears in 1 contract

Samples: Collaboration and License Agreement (Argenx Se)

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