Sublicensing Income

Example Definitions of "Sublicensing Income"
Sublicensing Income. Amounts received by Licensee or its Affiliates in consideration for a Sublicense or other agreement providing the right to negotiate or obtain a Sublicense. Sublicensing Income includes amounts received by Licensee or its Affiliates in consideration for the sublicensed Regents' Patent Rights in the form of license issue fees, milestone payments (excluding milestone payments received by Licensee upon achievement of the milestones set forth in Section 4.2), and the like but specifically excludes... royalties on the sale or distribution of Licensed Products or the practice of Licensed Methods. Not included in the definition of Sublicensing Income is income received by Licensee as payment or reimbursement for research costs at fair market value applied to the licensed Invention and conducted by or for Licensee, including costs of materials, equipment or clinical testing, or any amount received by Licensee or its Affiliates that could be construed as uncollectible debt. View More
Sublicensing Income. Amounts received by Licensee or its Affiliates in consideration for a Sublicense or other agreement providing the right to negotiate or obtain a Sublicense. Sublicensing Income includes amounts received by Licensee or its Affiliates in consideration for the sublicensed Regents' Patent Rights in the form of license issue fees, milestone payments (excluding (i) license issue or upfront fees received by Licensee under any of the Sublicenses described in Sections 4.2.a and 4.2.b and (ii) milestone... payments received by Licensee upon achievement of any of the milestones set forth in Section 4.2), Sections 4.2.c and the like but specifically excludes royalties on the sale or distribution of Licensed Products or the practice of Licensed Methods. 4.2.d) and royalties. Not included in the definition of Sublicensing Income is income received by Licensee as payment or reimbursement for research costs at fair market value applied to the licensed Invention and conducted by or for Licensee, including costs of materials, equipment or clinical testing, or any amount received by Licensee or its Affiliates that could be construed as uncollectible debt. View More
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