Patented Products definition

Patented Products means any product or service, the sale of which would, but for the licenses thereto or Miramar’s ownership thereof, infringe one or more Valid Claim(s) of the Assigned Patents in the United States, its territories and possessions and any other countries in which Valid Claims are granted under the Assigned Patents, including export sales originating in the United States.

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Patented Products means any product, the Development, manufacture, use, sale or importation of which, absent the licenses granted to Arcus under this Agreement, would infringe a Valid Claim of a Licensed Patent.

Patented Products means any Item whose sale or principal intended use would infringe, contributorily infringe or induce the infringement of one or more Valid Claims in the country in which such Item is sold.

Examples of Patented Products in a sentence

• Payment of the remaining balance of the purchase price in the form of royalties as defined in this section 2, or any portion thereof, is subject to modification and recalculation depending on the Buyer's net revenues from sale of Patented Products during the Royalty Period commencing in 2017.

• Net revenues for this purpose shall be defined as gross sales of Patented Products less returns.

• The royalty shall be three percent (3%) of such net revenues from Patented Products.

• Licensee agrees that it shall be solely responsible for obtaining any necessary licenses to export, re-export, or import Patented Products covered by Patent Rights and/or Confidential Information and that it will indemnify, defend, and hold BIDMC harmless (in accordance with Section 8.1) for the consequences of any violation by Licensee, its Affiliates or Sublicensees of any such laws or regulations.

• At the close of each calendar quarter, the Net Sales from the Licensed Patented Products and Licensed Products for which revenues have been received by the Company shall be computed, and the royalties earned thereon shall be paid to Baylor within 60 days after the close of said quarter.

• In consideration in part for the grant of the exclusive license set forth in Section 2.1, the Company agrees to pay Baylor (i) a royalty of two percent (2%) of Net Sales of Licensed Patented Products sold by the Company or an Affiliate or (ii) a royalty of ten percent (10%) of the Net Sales of Licensed Patented Products sold by a sublicensee for a period of four years from the first Commercial Sale.

• Licensee shall have the sole obligation for compliance with, and shall ensure that any Affiliates and Sublicensees comply with, all government statutes and regulations that relate to Patented Products, including, but not limited to, those of the Food and Drug Administration and the Export Administration, and any applicable laws and regulations of any other country in the Territory.

• Licensee shall itself use, or shall cause its Affiliates or Sublicensees, as applicable, to use, commercially reasonable efforts to develop and make available to the public Patented Products throughout the Territory in the Field.

• Licensee will pay Company a royalty of one-half percent (0.5%) of any Net Product Sales from the Sale, use, or other exploitation of any Patented Products (“Patent Royalty(ies)”).

• Miramar shall, prior to the Settlement Date, pay to The Foundry all Contingent Payments due under Section 3.4 within sixty (60) days after the end of each calendar quarter of each year in which Covered Products or Patented Products are sold.

More Definitions of Patented Products

Patented Products. Patented Products" means each and every product that is covered by any valid claim of any of the MBI Patents (including issued patents and pending patents). Each claim of the MBI Patents shall be presumed valid in accordance with 35 U.S.C. 282.

Patented Products means any product licensed, leased, sold, used or otherwise distributed or commercialized by RSI-ACQ or any of its Affiliates (including, without limitation, WMT), that is developed with or otherwise utilizes any of the inventions disclosed or is covered by any claim in the Patent or any Related Intellectual Property.

Patented Products as used herein shall mean any product whose manufacture, use, importation, offer for sale or sale by BD or purchased by or from BD would, but for this License Agreement, in a jurisdiction where a VALID CLAIM exists, infringe such a VALID CLAIM.

Patented Products means the devices and procedures for reducing intraoccular pressure in the treatment of glaucoma as covered by the claims in the Patents.

Patented Products means those products that fall within the scope of one or more of the patent claims of the Patents and are not Combined Products.