Common use of No Multiple Royalties Clause in Contracts

No Multiple Royalties. If a Licensed Product is covered by more than one patent or patent application within the Patent Rights or a Valid Claim and uses Licensed Materials, multiple royalties shall not be due. Net Sales shall not be counted for both a Valid Claims Royalty and a Licensed Material Royalty.

Appears in 3 contracts

Sources: Patent License Agreement (Evelo Biosciences, Inc.), Patent License Agreement (Evelo Biosciences, Inc.), Patent License Agreement (Evelo Biosciences, Inc.)

No Multiple Royalties. If a the manufacture, use, performance or sale of any- Licensed Product is covered by more than one patent or patent application within Valid Claims of the Licensed Patent Rights or a Valid Claim and uses Licensed Materials, multiple royalties shall not be due. Net Sales due as a result of being so covered, and in no ease shall not more than one royalty be counted for both due to Licensor with respect to a Valid Claims Royalty and a given Licensed Material RoyaltyProduct.

Appears in 2 contracts

Sources: License Agreement (Aurion Biotech, Inc.), License Agreement (Aurion Biotech, Inc.)