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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 762 |
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In return, of this know-how, Gentura has provided worldwide marketing rights to CadMex for the drugs that are developed using CadMex’s technology. One of the payment clauses of the contract says, “Gentura will pay the licensor, CadMex Pharma, a running royalty equal to 7.5% of Net Sales of the Licensed Product sold by the licensee protected by patent rights...
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At the same time, not taking any action and letting Gentura vary from the payment clause by more than 5% will lead to disregard of the contract by Gentura.
- Take no legal action but claim compensation: A financial settlement of the dispute will take care of the interests of CadMex Pharma but such an action can possibly bankrupt Gentura, which will affect CadMex...
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