Product Sublicensee Royalty Basis

Example Definitions of "Product Sublicensee Royalty Basis"
Product Sublicensee Royalty Basis. The revenue or sales total used in a sublicense agreement between Licensee and a Product Sublicensee as the basis for computing royalties owed by such Product Sublicensee to Licensee due to Dispositions of Licensed Products. Product Sublicensee Royalty Basis, however, shall be no less than the value of Licensee Net Sales that would result from considering Revenues of Product Sublicensee to be Revenues of Licensee, unless CASE has agreed in advance to accept a particular definition of "Product... Sublicensee Royalty Basis" for the computation of Royalties due to Dispositions by a Product Sublicensee View More
Found in EXACT SCIENCES CORP contract
All Definitions