Example ContractsClausesroyalty termVariants
Royalty Term
Royalty Term contract clause examples

Term and Expiration. This Agreement shall commence on the Effective Date and, unless earlier terminated in accordance herewith, shall continue in force and effect until the date of expiration of the last Royalty Term for the last Licensed Product (such period, the “Term”). Following the expiration of the Royalty Term for a Licensed Product, the grants in Section 2.1 shall become exclusive, fully-paid, royalty-free, perpetual and irrevocable for such Licensed Product in such country. For clarity, upon the expiration of the Term, the grants in Section 2.1 shall become exclusive, fully-paid, royalty-free, perpetual and irrevocable in their entirety.

Term. This Agreement shall commence on the Effective Date and, unless earlier terminated in accordance herewith, shall continue in force and effect until the expiration of the last Royalty Term for the last Licensed Product (such period, the “Term”).

Term and Expiration. This Agreement shall be effective as of the Effective Date and unless terminated earlier by mutual written agreement of the Parties or pursuant to Sections 12.02 or 12.03 below, the Term of this Agreement shall continue in effect on a country-by-country and product-by-product basis until the expiration of Licensee‘s obligation to pay royalties under Article VII herein (the “Term”). Upon expiration of this Agreement in its entirety, Licensee’s license pursuant to Section 2.01 shall become a fully paid-up, perpetual license.

Subject to the other provisions of this [Section 14], this Agreement shall come into force on the Effective Date and, unless terminated pursuant to the other provisions of this [Section 14], shall expire on a Product-by-Product and country-by-country basis on the date of the expiration of the Initial Royalty Term or Manufacturing Royalty Term, whichever is the longest, under [Section 4] of this Agreement (the “Term”). Upon the expiration of the Term, on a Product-by-Product and country-by-country basis, the License shall be fully paid-up and non-terminable.

Term. The term of this Agreement (the “Term”) will commence on the Effective Date and, unless earlier terminated in accordance with this Article 8, will continue until all Royalty Terms for all Licensed Products have expired in all countries of the Territory.

Term. This Agreement is effective as of the Effective Date and shall continue in effect until the earlier of # the termination of this Agreement in accordance with Section 11.2 or # following the First Commercial Sale of any Licensed Product, the expiration of the last-to-expire of all Royalty Terms with respect to all Licensed Products (the “Term”).

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