Common use of Sublicense Royalties Clause in Contracts

Sublicense Royalties. For the Disinfectant Field of Use, for each sublicense granted by Licensee, Licensee shall pay to Tufts the lesser of (i) [***] percent ([***]%) of any royalty payments received under such sublicense with respect to sales by the sublicensee of Licensed Products covered by a claim contained in an issued Patent Right or a claim included in a pending application covering a Patent Right on a country-by-country basis or (ii) the royalty which would be due, pursuant to Section 3.4, if Licensee, rather than the sublicensee, had sold the Licensed Product.

Appears in 4 contracts

Samples: License Agreement (Paratek Pharmaceuticals, Inc.), License Agreement (Paratek Pharmaceuticals, Inc.), License Agreement (Paratek Pharmaceuticals, Inc.)

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