Total Royalty Burden

Example Definitions of "Total Royalty Burden"
Total Royalty Burden. The term "Total Royalty Burden" or "TRB" shall mean, with respect to a Product, the sum of the Applicable Rate for such Product and the aggregate royalty rate at which Licensee is obligated to pay royalties to any and all Third Parties with respect to sales of such Product.
Found in Vividion Therapeutics, Inc. contract
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