Followon Licensed Product

Followon Licensed Product. Shall mean any Licensed Product which is the same chemical entity as the First Licensed Product and that is developed as a replacement to the First Licensed Product or as a second generation of the First Licensed Product. For purposes of the Milestone Payments under Section 3.1.2 each Follow-on Licensed Product shall be treated as identical to the First Licensed Product to which it relates, without an obligation to make Milestone Payments previously paid with respect to the First Licensed... Product or other Follow-on Licensed Products which relate to the First Licensed Product. View More