Common use of Royalty Term Expiration Clause in Contracts

Royalty Term Expiration. Upon the expiration of the Royalty Term with respect to a Licensed Product in a country in the Territory, Protagonist hereby grants to Xxxxxxx a perpetual, irrevocable, non-exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the Protagonist Intellectual Property to Develop, make, have made, use, have used, sell, have sold, offer for sale, have offered for sale, import, have imported, and otherwise exploit, Manufacture and Commercialize such Licensed Product in the Field in such country. For clarity, after the Royalty Term expires with respect to a Licensed Product in a country, the calculation of annual Net Sales of such Licensed Product in the Territory shall exclude sales of such Licensed Product in such country.

Royalty Term Expiration. Upon the expiration of the Royalty Term with respect to a Licensed Product in a country in the OUS Territory, Protagonist argenx hereby grants to Xxxxxxx a perpetual, irrevocable, non-exclusive, fully-paid and royalty-free right and license, with the right to grant sublicenses, under the Protagonist argenx Intellectual Property to use, Develop, have Developed, make, have made, use, have usedManufacture, sell, have sold, offer for sale, have offered for salesold, import, have imported, Commercialize and otherwise exploit, Manufacture and Commercialize Exploit such Licensed Product in the Field in such country. For clarity, after the Royalty Term expires with respect to a Licensed Product in a country, the calculation of annual Net Sales of such Licensed Product in the OUS Territory shall exclude sales of such Licensed Product in such country.