Royalty Report: Medical, Device, Surgical – Collection: 28966

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Curated Royalty Rate Report
Created On: 2020-07-15, Record Count: 20

Description

This collection of transactions and supporting information was developed using our AI algorithm to curate similar royalty reports into a cohesive collection to support your licensing, transfer pricing or other transaction scenarios where documented royalty rates and/or deal terms are important.
Created On: 2020-07-15
Record Count: 20

Primary Industries

  • Medical
  • Device
  • Surgical
  • Supply
  • Therapeutic
  • Orthopedic
  • implants
  • Technical Know How
  • Construction
  • Tool

IPSCIO Report Record List

Below you will find the records curated into this collection.  This summary includes the complete licensed property description so that you can review and determine if this collection covers the topics, technology or transaction type that is relevant for your needs.  The full report will include all relevant deal data such as the royalty base, agreement date, term description, royalty rates and other deal terms.  For reference, here is a sample of a full IPSCIO curated royalty rate report: Sample Report

IPSCIO Record ID: 28966

License Grant
The Assignors desire to transfer and assign to the Assignee all of the Assignors’ worldwide right, title and interest in and to the U.S. and foreign pending and issued patents and invention disclosures listed (together with any United States and foreign patent application and all divisions, renewals and continuations based thereon, and all reissues and extensions thereof with full control of all patent prosecution, and all rights to make applications for and receive patent registrations.
License Property
Contributed Intellectual Property
  Title    Patent Number   Issue Date
Spinal Implant Device Having a Single Central Rod and Claw Hooks 5,688,274  18-Nov-1997

Spinal Implant Apparatus Having a Single Central Rod and Plow Hooks
5,688,273   18-Nov-1997

Spinal Implant Device Having a Single Central Rod and Claw Hooks
5,688,274  18-Nov-1997

Spinal Implant Apparatus Having a Single Central Rod and Plow Hooks
5,688,273    18-Nov-1997

A unitary locking cap for use with a pedicle screw
5,667,508    16-Sept-1997

Multiple node variable length cross-link device  
5,707,372  13-Jan-1998

Modular polyaxial locking pedicle screw
5,725,528  10-Mar-1998

Modular polyaxial locking pedicle screw
5,735,851  7-Apr-1998

Modular Spinal Plate for use with modular polyaxial locking pedicle screws
5,800,435  Sept 1, 1998

Hinged Variable Length Cross-Link Device
5,885,284  23-Mar-1999

Surgical Curette Having a Variably Angled Handle
5,836,958  17-Nov-1998

Selectively Expandible Sacral Fixation Screw-Sleeve Device
5,713,904  3-Feb-1998

Polyaxial Mechanism for use with Orthopedic Implant Devices
5,752,957   19-May-1998

Rod Securing Polyaxial Locking Screw and Coupling Element Assembly
5,733,286    31-Mar-1998

Spinal Hook Implant Having a Low Blade and Swivel Hook
5,810,818  22-Sep-1998

Interbody Fusion
5,904,719   18-May-1999

Coupling Member for Cross-Linking Intervertebral Cage Devices
5,941,880  24-Aug-l999

Polyaxial Pedicle Screw Having a Rod Clamping Split Ferrule Coupling Element
5,910,142  8-Jun-1999

Coupled Rod, Anterior Vertebral Body Screw, and Staple Assembly
5,925,047  20-Jul-1999

Compression Locking Vertebral Body Screw, Staple, and Rod Assembly
5,899,904  4-May-1999

Expansion Locking Vertebral Body Screw, Staple, and Rod
Assembly
5,899,905  4-May-1999

Rotateable Locking  Vertebral Body Screw, Staple, and Rod Assembly
5,947,969   7-Sep-1999

Efficient Assembling Modular Locking Pedicle Screw
6,482,207   19-Nov-2002

Polyaxial Locking Pedicle Screw Having a Rotating Locking
Element
6,451,021  17-Sep-2002

Rod Bender
6,644,087   11-Nov-2003

A unitary locking cap for use with a pedicle screw
5,667,508  16-Sept-1997
  
Multiple node variable length cross-link device
5,707,372  13-Jan-1998

Modular polyaxial locking pedicle screw
5,725,528  10-Mar-1998

Modular polyaxial locking pedicle screw
5,735,851  7-Apr-1998

Modular Spinal Plate for use with modular polyaxial locking pedicle screws
5,800,435  Sept 1, 1998

Hinged Variable Length Cross-Link Device
5,885,284  23-Mar-1999

Surgical Curette Having a Variably Angled Handle
5,836,958   17-Nov-1998

Selectively Expandible Sacral Fixation Screw-Sleeve Device
5,713,904    3-Feb-1998

Polyaxial Mechanism for use with Orthopedic Implant Devices
5,752,957   19-May-1998

Rod   Securing Polyaxial Locking Screw and Coupling Element Assembly
5,733,286  31-Mar-1998

Spinal Hook Implant Having a Low Blade and Swivel Hook
5,810,818  22-Sep-1998

Interbody Fusion
5,904,719  18-May-1999

Coupling Member for Cross-Linking Intervertebral Cage Devices
5,941,880  24-Aug-l999

Polyaxial Pedicle Screw Having a Rod Clamping Split Ferrule Coupling Element
5,910,142  8-Jun-1999

Coupled Rod, Anterior Vertebral Body Screw, and Staple Assembly
5,925,047  20-Jul-1999

Compression Locking Vertebral Body Screw, Staple, and Rod
Assembly
5,899,904  4-May-1999

Expansion Locking Vertebral Body Screw, Staple, and Rod
Assembly
5,899,905 4 May 1999

Rotateable Locking Vertebral Body Screw, Staple, and Rod Assembly
5,947,969   7-Sep-1999

Efficient Assembling Modular Locking Pedicle Screw
6,482,207  19-Nov-2002

Polyaxial Locking Pedicle Screw Having a Rotating Locking Element
6,451,021   17-Sep-2002

Rod Bender
6,644,087  11-Nov-2003

Field of Use
The field of use is spinal surgery and procedures.

IPSCIO Record ID: 203545

License Grant
The Licensor Plantiffs, one of the USA and the other of Germany, grant to Licensee a non-exclusive, non-transferable right and license under the patent to make, have made, use, sell, offer for sale and import the Licensed Products, including Future Licensed Products, in the Territory.
License Property
The Licensed Product shall mean Licensees Zodiac® screw products and Solanas® screw products and their respective system components.

“The ‘678 patent” shall mean U.S. Patent No. 5,207,678

Field of Use
The Licensee's Zodiac Degenerative Fixation System is a comprehensive spinal system that offers a wide variety of polyaxial pedicle screws, fixed-angle pedicle screws, and advanced instruments.

The Licensee's Solanas Posterior Cervico/Thoracic Fixation System consists of rods, polyaxial screws and connection devices that provide a solution for posterior cervico/thoracic procedures.

IPSCIO Record ID: 27100

License Grant
The Company has agreements with certain undisclosed entities which provide the Company the rights to manufacture and market certain spinal system products developed and patented by these entities.
License Property
These lines of surgical implants include tools for fusion such as rods, plates, screws, hooks, locking bolts and transverse traction devices that lock implants together.

IPSCIO Record ID: 245455

License Grant
Licensor, an individual, grants to the Licensee a worldwide nontransferable license, royalty bearing right and license under the licensed Patents to evaluate, develop, test, conduct clinical, trials, obtaining government approvals, make, have made, use, practice manufacture, have manufactured, sell, transfer or commercialize products with the understanding that such rights to certain products are exclusive, whereas certain rights are non-exclusive with respect to certain products. Products means mechanical or inflatable expandable interbody implants covered by a Licensed Patent or Assigned Patent.
License Property
The present disclosure relates generally to devices and methods for treating spinal conditions, and in particular, to expandable spinal implants configured for positioning within an intervertebral space.
Field of Use
The Licensee is a spine device company in the field of orthopedic & neurologic spine issues using surgical implants & devices.

IPSCIO Record ID: 7567

License Grant
The Licensor grants an exclusive license, including the right to grant sublicenses, to make, have made, use, import, export, offer to sell, sell or otherwise dispose of products based on the Licensed Technology, Improvements thereto, described or claimed in the Patents and Patent Applications for the Term of this Agreement including a royalty-free license, including the right to grant sublicenses, within the Field of Use and during the Term of this Agreement to reproduce, display, broadcast, publish and otherwise use the Mark(s) and to utilize the Know-How in connection with Royalty Bearing Device(s) by the Licensee throughout the territory.
License Property
The Licensor is the owner of certain inventory, and Trademarks, Patents, patent applications, technology, and related Know-How pertaining to spinal fixation devices to treat diseases of or injuries to the spine.

U.S. Patent 5,683,392
Multiplanar Locking Mechanism for Bone Fixation, issued November 4, 1997;
U.S. Patent 6,413,258
Rod to Rod Coupler, issued July 2,2002

TRADEMARKS
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IPSCIO Record ID: 114966

License Grant
A group of prominent spine surgeons agree to assist in the development of the Synergy Spinal System for royalty payments of any sales generated.
License Property
Synergy Spinal System is in the spinal implant product category and is used in spine fusion procedures.  The Synergy Spinal System consists of rods, hooks and screws that are attached to vertebrae adjacent to an injured or defective area of the spine. Our system is a 'universal' implant system that allows surgeonsto treat both the thoracic and lumbar portions of the spine.  The Synergy Spinal System does not require that surgeons follow a single surgical protocol, but provides several options, and can be used in both anterior and posterior applications, in both adults and children.  The Synergy Spinal System was designed to minimize the height and bulk of its implants, reducing the risk of irritation, inflammation and infection for the patient. It is consistently ranked as having one of the lowest profiles of commonly available spinal implant systems.
Field of Use
This agreement pertains to the medical device industry–spinal implants and orthobiologics.

IPSCIO Record ID: 7555

License Grant
Licensor hereby grants to Licensee, an exclusive, royalty-bearing license, including the right to grant sublicenses under the Licensed Patent Rights and Licensed Technology, anywhere in the Territory: and to make, have, import, export, use, offer for sale or sell Licensed Products in the Licensed Field, subject to the terms and conditions of this Agreement. The license and rights granted in this Agreement to Licensee shall be non-exclusive in: the People’s Republic of China and Russia.  Licensee shall have the right to grant sublicenses.
License Property
The License provides the Licensee the right to develop and commercialize the Licensor's osteoporotic pedicle screw technology solution, that is designed to be implanted into the pedicle and then expanded to achieve increased purchase if the surgeon desires a more secure fixation. A pedicle is a stem or stalk of tissue that connects parts of the body to each other.

IPSCIO Record ID: 286065

License Grant
For the Grant of Non-Exclusive License,  Licensor grants to Licensee a non-exclusive, royalty-bearing license, including the right to grant sublicenses, under the Licensed Patent Rights and the corresponding Licensed Technology:  to conduct research and development in support of the licensed uses, and to make, have made, import, export, use, offer for sale or sell Licensed
Products in the Licensed Field, subject to the terms and conditions of this Agreement.

Grant of Exclusive License. Licensor hereby grants to Licensee an exclusive license, including the right to grant sublicenses, under the Licensed Patent Rights and the corresponding Licensed Technology: to conduct research and development in support of the licensed uses, and to make, have made, import, export, use, offer for sale or sell Licensed Products in the Licensed Field, subject to the terms and conditions of this Agreement.

License Property
The exclusive and non-exclusive licensed patents are for Expandable Support Device and Method of use; and are related to a treatment for vertebral compression fractures.

The expandable interbody/vertebral body replacement technology utilizes a unique geometric design configuration that can be expanded once the device is placed into the disc space and is designed to be used in percutaneous, mini-open and open delivery procedures.

Field of Use
The Licensed Field shall mean spinal interbody or intrabody body fusion; or spinal vertebral body replacement.

IPSCIO Record ID: 176200

License Grant
The company entered into an agreement with a Doctor to purchase rights to patents, ideas and designs related to the 'SingleLock'  design for an anterior cervical plating system.  The Doctor agreed to provide exclusive continuing services as a developer, product lecturer and general consultant for anterior cervical plating.
License Property
The SingleLock design is for an anterior cervical plating system.

The plates is used to help fuse the cervical vertebrae, are designed to be more anatomically correct than current plate options. The system will utilize self tapping screws, eliminating the need for drilling or tapping.

Field of Use
This agreement pertains to the medical industry relating to an anterior cervical plating system.  The Licensee is a designer, manufacturer and worldwide distributor of orthopaedic implant devices and instrumentation for reconstruction and fixation.  Reconstructive devices are for joint arthroplasty that involve the replacement with mechanical substitutes of impaired skeletal joints such as knees, hips, shoulders, and the small joints of the elbow, hands and feet. The Company also offers devices for 1) fracture fixation due to trauma 2) arthroscopic surgery of the knee, shoulder and extremities,  and 3) the spine to aid in correction of deformity and instability.

IPSCIO Record ID: 289220

License Grant
Licensor grants, under Licensor’s and each of its Affiliates’ respective rights in the Licensed Patents, a non-exclusive, non-transferable, worldwide, irrevocable, perpetual license to make, have made, use, import, export, market, sell, have sold, offer for sale, distribute and otherwise exploit Royalty-Bearing Products within the Orthopedic Field.

The Parties agree to promptly dismiss all claims and counter-claims with this agreement.

License Property
Royalty-Bearing Products means the Accused Products, the Non-Accused Products and any New Product or Other Product that Licensee elects to be a Royalty-Bearing Product; each of the foregoing solely to the extent the manufacture, use, sale, offering for sale, importation, exportation or other exploitation of which in a particular country would, in the absence of the licenses, covenants, releases and immunities granted by Licensor under this Agreement, infringe, contribute to the infringement of, or induce the infringement of any Valid Claim of any patent within the Licensed Patents issued in such country.

The accused products are Magnum I, Magnum II, and, Mini-Magnum.

The patents relate to Suture anchor, Bone suture, Body tissue fastening, Method of positioning body tissue relative to a bone, and, Method and apparatus for use in anchoring a suture.

Field of Use
Orthopedic Field means the branch of medicine that deals with the diagnosis, analysis, treatment, prevention, correction, rehabilitation or study of injuries or disorders of the skeletal system and associated muscles, joints and ligaments.

IPSCIO Record ID: 6667

License Grant
The patent covering the locking pliers was purchased from the inventor.  The patent was granted by the United States Patent and Trademark Office on November 6, 2001 and is patent number 6,311,589.
License Property
This patent will restrict other domestic competitors from manufacturing a locking pliers with the same or similar jaw configuration as the locking pliers to be manufactured by the Licensee of Italy. Further, no foreign manufacturer will be able to enter the United States market with a similar product. The patent covering the locking pliers was purchased from the inventor.
Field of Use
The Licensee was formed to produce a locking pliers tool which is being marketed as the Portable Pipe Vise. The jaws of the locking pliers have a patented design. The tool is intended to secure cylindrical objects to a flat surface. The Licensee currently holds an assignment of the patent for the locking pliers.

IPSCIO Record ID: 171934

License Grant
The company entered into an agreement with a Doctor to purchase rights to patents, ideas and designs related to the 'MultiLock' design for an anterior cervical plating system.  The Doctor agreed to provide exclusive continuing services as a developer, product lecturer and general consultant for anterior cervical plating.
License Property
The MultiLock design is for an anterior cervical plating system.
Field of Use
This agreement pertains to the medical industry relating to an anterior cervical plating system.  The Licensee is a designer, manufacturer and worldwide distributor of orthopaedic implant devices and   instrumentation for reconstruction and fixation.  Reconstructive devices are for joint arthroplasty that involve the replacement with mechanical substitutes of impaired skeletal joints such as knees, hips, shoulders, and the small joints of the elbow, hands and feet. The Company also offers devices for 1) fracture fixation due to trauma 2) arthroscopic surgery of the knee, shoulder and extremities,  and 3) the spine to aid in correction of deformity and instability.

IPSCIO Record ID: 3489

License Grant
The Company announced today that it received a ruling from the U.S. District Court in regards to ongoing royalty rates for Phase I of its patent litigation with Plaintiff. As previously announced, Phase 2 surrounding the cervical plates involved in the dispute was settled.
License Property
On August 17, 2012, Plaintiff filed additional patent claims in the U.S. District Court for the Northern District of Indiana alleging that the Company various spinal implants (including its CoRoent® XL family of spinal implants) infringe U.S. Patent No. 8,021,430, and that the Company's Osteocel® Plus bone graft product infringes U.S. Patent No. 5,676,146 C2. On August 28, 2012, Plaintiff amended its complaint in the Northern District of Indiana alleging that NuVasive's XLIF® procedure and use of MaXcess IV retractor during the XLIF procedure infringe methodology claims of U.S. Patent No. 8,251,997.
Field of Use
The CoRoent XL is a family of spinal implants used to replace weakened or damaged intervertebral discs. These discs act as the spine’s shock absorber allowing forces to be distributed evenly during the body’s movements.

And MaXcess instruments provide access to the spine in a manner that affords direct visualization and our nerve monitoring systems assist surgeons in avoiding critical nerves.  Our MaXcess system consists of instrumentation and specialized implants that provide maximum access to the spine with minimal soft tissue disruption. MaXcess has a split blade design consisting of three blades that can be positioned to build the surgical exposure in the shape and size specific to the surgical requirements rather than the fixed tube design of other minimally invasive surgical systems. MaXcess’ split blade design also provides expanded access to the spine, which allows surgeons to perform surgical procedures using instruments that are similar to those used in open procedures but with a significantly smaller incision. The ability to use familiar instruments reduces the learning curve and facilitates the adoption of our products. Our system’s illumination of the operative corridor aids in providing surgeons with direct visualization of the patient’s anatomy, without the need for additional technology or other special equipment.

IPSCIO Record ID: 3375

License Grant
The initial agreement provided the Licensee with a worldwide license to develop and commercialize proprietary intellectual property related to a treatment for vertebral compression fractures (VCF). Pursuant to the Third Amendment: (i) the royalty rate paid on the licensed products is a fixed amount per quarter through December 31, 2016; (ii) the royalty rate starting in 2017 will be increased from the rate specified in the previous agreements.
License Property
The Spinal Fracture Reduction System provides a solution for VCF indications. The implant is an expandable titanium cage that is designed to be implanted in a minimally invasive manner into a vertebral body to treat a VCF. The system is designed to provide the surgeon with control over the placement and expansion of the device as the fracture is treated. In addition, the System is designed to use less polymethyl methacrylate, or PMMA, bone cement than current standards of care and may overcome one of the primary complications of kyphoplasty and vertebroplasty, which is the potential risk of extravasation of bone cement into the spinal canal or venous system.

IPSCIO Record ID: 7556

License Grant
The Licensor, an individual, hereby sells, assigns, grants, transfers, conveys and delivers to the Licensee, to have and to hold until the end of time all right, title and interest, free and clear of all liens or claims, in and to the percutaneous retractor, including but not limited to the patent application entitled Minimally Invasive Retractor and Methods of Use, filed with the United States Patent and Trademark Office and foreign corresponding patent applications.
License Property
The Intellectual Property is a disposable, flexible screw based percutaneous retractor described as a device, system and method for orthopedic spine surgery using a novel screw-based retractor, that allows for access to the spine through a minimally or less invasive approach.

IPSCIO Record ID: 191026

License Grant
The Licensor grants to Licensee an exclusive right and license, with the right to grant sublicenses , under the Licensed Rights, for all human uses of self expanding tissue expanders, to develop, make, have made, use, offer for sale, sell, have sold, import and export Products in the Application Areas in the Territory.
License Property
The Licensor owns or controls certain Patent Rights and Know How related to the use self inflating tissue expanders for therapeutic purposes as a result of an assignment from the inventors of the Patent Rights.

U.S. provisional patent application no. 60/612,018 – Tissue expanders and methods of use

One method of correcting skin deficit is to stimulate creation of new skin. Implantation of a device that expands and stretches the existing skin causes a growth response in which new skin is created. While the exact physiologic mechanism of this response is not fully understood, clinical success has been reported for many years.

One aspect of the disclosure is a tissue expansion system, including an implantable device adapted to be implanted within a patient, wherein the implantable device has an anterior portion, a posterior portion, an inferior portion, and a superior portion, and wherein the implantable device comprises a communication component secured in the superior and anterior portions, and an external device adapted to be disposed external to the patient to wirelessly communicate with the communication component to control the expansion of the implantable device.

Field of Use
Tissue expanders are used in breast reconstruction procedures following mastectomy to expand and stretch the skin and underlying muscle prior to the placement of a permanent breast implant.

IPSCIO Record ID: 289252

License Grant
Licensor hereby grants to Company and its Affiliates a royalty-bearing license under its commercial rights in the Patent Rights, Copyright Rights. Trade Secrets. and Know-How to the extent not prohibited by other patents, to develop, make, have made, use, sell, lease, and import Licensed Products in the Field in the Territory and to develop and perform Licensed Processes in the Field in the Territory.

In order to establish an Exclusive Period, Licensor agrees that it shall not grant any other license to make, have made; use, sell, lease and import Licensed Products in the Field in the Territory or to develop and perform Licensed Processes in the Field in the Territory during the Term unless said Exclusive Period is terminated. Upon expiration of the Exclusive Period the license granted hereunder shall become-nonexclusive and shall extend to the end of the Term.

License Property
Patent Rights shall mean:
(a) the United States Patents listed:
(b) any patents resulting from reissues, reexaminations; or extensions of the patents described.
U.S. Patent #5,388,480 – Pretensioning mechanism for tension element drive systems
U.S. Patent #5,207,114 – Compact cable transmission with cable differential
U.S. Patent #5,046,375 – Compact cable transmission with cable differential

Copyright Rights shall mean the copyright that listed hereto and incorporated herein by reference in all substitutions. additions. extensions. reissues, renewals, divisions, continuations and continuations-in-part thereof and any foreign counterparts thereto. U.S. Copyright Registration No. TX 3,310,946, effective May 7, 1992, WAM-1 Maintenance and User Manual. Owned by Licensor.

Licensed Product shall mean any product for which; if it were manufactured, used, leased, or sold, in whole·or in part, in the United.States; then it would infringe one or more claims under the Patent Rights.

Licensed Process shall mean any process for which, it could not be performed, in whole or in part, without using at least one process which would infringe one or more claims under the Patent Rights, if performed in the United States.

U.S. Licensed Product shall mean any product that cannot be manufactured, used, leased. or sold, in whole or in part, without infringing one or more claims under the Patent Rights.

U.S. Licensed Process shall mean any process that cannot be performed, in whole or in part, without using at least one process that infringes one or more claims under the Patent Rights.

Other Intellectual Property Rights shall mean those trade secrets and other intellectual property relating to the Licensor Whole Ann Manipulator Technology, including-but not limited to those listed.

Field of Use
Field shall mean all medical procedures including, but not limited to, Image Guided Surgery (including but not limited to, Coordinated Fluoroscopy, Fluoroscopy, Magnetic Resonance Imaging, CT, CineCT, Ultrasound, and Video), Orthopedic Surgery, Spinal Surgery, Laparoscopy, Endoscopy, all minimally invasive surgical procedures, all Radiological procedures. Neurosurgery, MaxillofaciaJ/Dental Surgery, Cardiovascular Surgery, Gastroenterology, and Nephrology, but excluding Physical Therapy, Ophthalmology, and nonsurgical applications of Chiropracty.

IPSCIO Record ID: 233474

License Grant
The French Licensor grants to Licensee a non exclusive license in the Territory, including the right to sublicense, under Licensors Patent Rights and Technology, to make, to have made, to import, to use, to offer for sale, including offers for sale made by Licensee’s third-party agents, and to sell, including sales made by Licensee’s third-party agents, Licensed Products in the Field. The parties agree that this grant of license shall not affect the rights of Licensor to develop, manufacture, market and sell its products either by itself or through its distribution agents.
License Property
Licensor is engaged in the development and production of orthopaedic implants, and especially spinal implants, has a knowledge and know-how in this area, and is producing and marketing products based on the three patents, each authorized in the Territory.

The term Licensed Product shall mean any product which cannot be developed, manufactured, offered to sale, used or sold without infringing one or more claims under Licensor Patent Rights; or utilizing any part of Licensor Technology not otherwise includable within Licensor Patent Rights.

The patents are for the Isolock product, an implantable intervertebral connector device;  Dynamic Rod product, an implantable intervertebral connector device for intervertebral linkage with multidirectional controlled displacement; and, Aladyn product, a dynamic device, including, without limitation.

Field of Use
The term Field shall mean disorders of the human spine.

IPSCIO Record ID: 599

License Grant
The Company hereby grants an exclusive, royalty bearing license under the Product Patents and Technology, with the right to sublicense, to make, have made, use, offer for sale and sell the Product in the Licensed Field and in the Territory.
License Property
The Sharp Shooter® device is a disposable surgical device which allows surgeons to accurately place a cannula in the knee against the meniscus and deliver a needle and suture for meniscus repair.
Field of Use
Licensed Field shall mean meniscal tissue repair.

IPSCIO Record ID: 222532

License Grant
The purpose of this amendment is to (i) transfer the rights and obligations of Party A to Party C, (ii) amend the royalty payment provision set forth in the Agreement, and (iii) amend the termination provision set forth in the Agreement.

Accordingly, this letter confirms the assignment of the rights and obligations of Party A to Party C and acknowledges the consent thereto by Party B.

License Property
Royalty Obligations means Net Sales” means the gross amount received on the sale of Royalty Products by Licensee.

Royalty Product means a product developed and sold by Party C that is covered by a Valid Claim of an Unexpired patent that is included within the Patent Rights.

Patent Right or Patent Rights means: (x) U.S. Patent No. 6,241,761 (Stented Grafts for Coupling Vascular Members) issued on June 5, 2001, and U.S. Patent No. 6,241,764 (Stented Grafts Coupling Vascular Members) issued on June 5, 2001 (including any divisions, continuations, reexaminations, reissue substitution applications thereof and foreign applications based thereon) and (y) any and all patents issuing therefrom and extensions thereof.

Field of Use
This agreement pertains to the medical industry relating to stented grafts for coupling vascular members.
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