ACCOUNTING STANDARDS AND PRINCIPLES    I Clause Samples

ACCOUNTING STANDARDS AND PRINCIPLES    I. 1.1 GAAP and GAAP Counterpart i (a) “GAAP” i (b) “GAAP Counterpart” i 1.2 Accounting for Internal Costs i 1.3 Accounting for and Payment of External Costs and Internal Supplies and Materials ii 1.4 No Double Counting ii ARTICLE 2 DEVELOPMENT-RELATED DEFINITIONS AND CALCULATIONS III 2.1 “Development Costs” iii 2.2 “FTE Rate” iv 2.3 “Licensing Revenue” v 2.4 “Manufacturing Costs” v 2.5 “Partnering Costs” vi 2.6 “Patent Costs” vi 2.7 “Excluded Costs” vi 2.8 “Manufacturing” vii ARTICLE 3 COMMERCIALIZATION-RELATED DEFINITIONS AND CALCULATIONS VIII 3.1 “Product Profit(Loss)” viii 3.2 “Net Sales” viii 3.3 “Licensing Revenue” ix