Common use of Termination of Royalty Obligations Clause in Contracts

Termination of Royalty Obligations. Upon termination of CELGENE's obligation to pay royalties and other compensation hereunder with respect to a specific country and specific PRODUCT as to which CELGENE's license is then in effect, the license granted to CELGENE with respect to such country and such PRODUCT pursuant to Section 2 shall be deemed to be fully paid and CELGENE shall thereafter have a royalty free, exclusive right to use the PATENT RIGHTS to make, have made, use, offer to sell, sell and import such PRODUCT in such country.

Appears in 4 contracts

Samples: Confidentiality Agreement (Entremed Inc), Confidentiality Agreement (Celgene Corp /De/), Confidentiality Agreement (Entremed Inc)

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Termination of Royalty Obligations. Upon termination of CELGENE's obligation to pay royalties and other compensation hereunder with respect to a specific country and specific PRODUCT as to which CELGENE's license is then in effect, the license granted to CELGENE with respect to such country and such PRODUCT pursuant to Section 2 of this Agreement shall be deemed to be fully paid and CELGENE shall thereafter have a royalty free, exclusive right to use the PATENT RIGHTS to make, have made, use, offer to sell, sell and import such PRODUCT in such country.

Appears in 3 contracts

Samples: License Agreement (Pharmion Corp), License Agreement (Celgene Corp /De/), Collaboration Agreement (Celgene Corp /De/)

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Termination of Royalty Obligations. Upon termination of CELGENE's obligation to pay royalties and other compensation hereunder with respect to a specific country and specific PRODUCT as to which CELGENE's license is then in effect, the license granted to CELGENE with respect to such country and such PRODUCT pursuant to Section 2 of this Agreement shall be deemed to be fully paid and CELGENE shall thereafter have a -60- <PAGE> royalty free, exclusive right to use the PATENT RIGHTS to make, have made, use, offer to sell, sell and import such PRODUCT in such country.

Appears in 1 contract

Samples: Collaboration Agreement

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