Product Licence definition
Examples of Product Licence in a sentence
Maintenance Support Programme: If a MSP Fee is specified in the Product Licence in respect of any Product and the Licensee pays the MSP Fee by the due date, ▇▇▇▇▇▇▇▇▇ will, subject to any provisions specified in the Product Licence, provide the Licensee Updates, Upgrades and a telephone support service in accordance with this section 4.
In the event CAT notifies Dyax under Clause 4.4.1 above that a Product Licence can be granted to Dyax with respect to Products against a Nominated Target, then upon receipt by CAT of the applicable Acceptance Fee, CAT agrees to grant and hereby grants to Dyax and its Affiliates a non-exclusive, royalty-bearing license, with the right to sublicense, under the Antibody Phage Display Patents and CAT Know-How to Exploit Products against such Nominated Target in the Territory.
Any Product Licence granted to Dyax shall be consistent with the terms of this Clause 5 and Clauses 6, 8, 9, 13.1, 13.2, 13.3.6, 14.4, 16 and 18 of this Agreement and shall be negotiated by the Parties in good faith; provided, however, that the Parties agree that the terms and conditions and the form of the first Product Licence executed by the Parties under this Agreement shall serve as the same for each subsequent Product Licence executed under this Agreement.
For Product Licence, specific DNA and virus clearance studies, plus bulk Product stability studies will be required, which are outside the scope of this Agreement.
With respect to each Product Licence from the Initial License Allocation and Additional Licence Allocation for Diagnostic Antibody Products, Dyax shall pay to CAT the following payments upon achievement by Dyax or a Dyax Sublicensee (or its sublicensee) of the milestones set out below.