Common use of Single Royalty; Non-Royalty Sales Clause in Contracts

Single Royalty; Non-Royalty Sales. It is understood that in no event shall more than one royalty be payable under Section 3.3 with respect to a particular unit of Licensed Product. No royalty shall be payable under this Article 3 with respect to sales of Licensed Products among Licensee, its Affiliates, Permitted Sublicensees and their Affiliates (provided that such sales are for the purpose of facilitating resales to Third Parties), but a royalty shall be due upon the subsequent sale of the Licensed Product to a Third Party. No royalty shall be payable for (i) Licensed Product used in clinical trials, or (ii) Licensed Product used by Licensee, its Affiliates or Permitted Sublicensees for research, or (iii) customary quantities of Licensed Product distributed as free samples.

Appears in 4 contracts

Samples: Overview Agreement (Peptide Therapeutics Group PLC), Overview Agreement (Peptide Therapeutics Group PLC), Overview Agreement (Peptide Therapeutics Group PLC)

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