Example ContractsClausesroyalty termVariants
Royalty Term
Royalty Term contract clause examples

“Primary Royalty Term” means, on a Primary Royalty Product-by-Primary Royalty Product and country-by-country basis, the period from the Effective Date until such time as there no Valid Claims of any Ag Partner Patents Covering the manufacture, use, sale, or import of a particular Primary Royalty Product in a particular country.

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“Legacy Royalty Term” means, on a Legacy Royalty Product-by-Legacy Royalty Product and country-by-country basis, the period from the Effective Date until such time as there are no Valid Claims of any Primary Patents or Ag Partner Patents Covering the composition of matter of any VDC or CDC included in a particular Legacy Royalty Product in a particular country.

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