Commercial Sale

Example Definitions of "Commercial Sale"
Commercial Sale. Any transaction, following receipt of all necessary government approvals to market a Licensed Product, that transfers to a purchaser, for value, physical possession of and title to such Licensed Product, after which transfer the seller has no right or power to determine the purchaser's resale price. Any such transfer of possession and title to an Affiliate or Sublicensee shall not constitute a Commercial Sale unless the Affiliate or Sublicensee is an end user of the Licensed Product.
Found in Metacrine, Inc. contract
Commercial Sale. Any transaction, following receipt of all necessary government approvals to market a Licensed Product, The term "Commercial Sale" shall mean any transaction that transfers to a purchaser, for value, physical possession of and title to such Licensed Product, Products, after which transfer the seller has no right or power to determine the purchaser's resale price. Any such transfer price, if any. Transfer of possession and title to an Affiliate or Sublicensee sublicensee shall not constitute a... Commercial Sale unless the Affiliate or Sublicensee sublicensee is an end user of the Licensed Product. Products. View More
Found in Conatus Pharmaceuticals Inc. contract
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Commercial Sale. Any shipment of the Licensed Products in the Territory following receipt of Regulatory Approval pursuant to an arm's length sale by Knight or its Affiliates, sublicensees or assignees to a Third Party
Found in Onconova Therapeutics, Inc. contract
Commercial Sale. Any shipment of the Licensed Products in the Territory following receipt of Regulatory Approval pursuant to an arm's length sale by Knight Licensee or its Affiliates, sublicensees or assignees to a Third Party
Found in Onconova Therapeutics, Inc. contract
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Commercial Sale. A commercial sale of the Products to a non-Affiliate third-party within the scope of the Field in the Territory
Found in Echo Therapeutics, Inc. contract
Commercial Sale. The final transfer or sale by COMPANY, an AFFILIATE or SUBLICENSEE, whether at retail, wholesale or otherwise, of any LICENSED PRODUCT to a party that is not an AFFILIATE or SUBLICENSEE hereunder
Found in Arch Therapeutics, Inc. contract
Commercial Sale. Means, with respect to a Licensed Product in any jurisdiction in the Territory, a commercial transfer, lease or disposition for value of such Licensed Product in such jurisdiction to a third party in a bona fide arm's length transaction after marketing approval from the relevant regulatory authority in such jurisdiction has been obtained.
Found in Adhera Therapeutics, Inc. contract
Commercial Sale. Means a bona fide sale, use, lease, transfer or other disposition for value of a Licensed Product by the Licensee or a sublicensee to a Third Party that is not an Affiliate of the Licensee.
Found in Calyxt, Inc. contract
Commercial Sale. The event when COMPANY can first recognize revenue for the sale of a LICENSED PRODUCT according to Generally Accepted Accounting Practices (GAAP) in the United States of America.
Found in Mevion Medical Systems, Inc. contract
Commercial Sale. With respect to a particular Licensed Product, the commercial sale in an arm's length bona fide transaction with a Third Party for which consideration is received or expected for the sale, use, lease, transfer or other disposition, by or on behalf of Company, its Subsidiary or Sublicensee, to a Third Party that is not a Sublicensee (or to Company's Subsidiary or Sublicensee that is an end user or consumer of such Licensed Product), including any final sale to a distributor or wholesaler under... any non-conditional sale arrangement, of such of a Licensed Product. A Commercial Sale is deemed completed at the time that Company, its Subsidiary or Sublicensee invoices, ships, or receives payment for a Licensed Product, whichever occurs first View More
Found in Sana Biotechnology, Inc. contract
All Definitions