Annual License Maintenance Fee. Licensee shall pay an annual license maintenance fee of [*] dollars ($[*]) each year on the anniversary of the Effective Date of this Agreement. The annual license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are due.
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Samples: Exclusive License Agreement (Audentes Therapeutics, Inc.), Exclusive License Agreement (Audentes Therapeutics, Inc.)
Annual License Maintenance Fee. Licensee shall pay an annual license maintenance fee of [*] dollars ($[*]) *] each year on the anniversary of the Effective Date of this Agreement. The annual license maintenance fee is payable until the first commercial sale of a Licensed UFRF Product, after which time minimum royalties instead of the annual license maintenance fee are due.
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Annual License Maintenance Fee. Licensee shall pay an annual license maintenance fee of [*] dollars ($[*]) *] each year on the anniversary of the Effective Date of this Agreement. The annual license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are due.
Appears in 1 contract
Samples: Standard Exclusive License Agreement (Solid Biosciences Inc.)
Annual License Maintenance Fee. Licensee shall pay an the following annual license maintenance fee of [*] fees (the “Annual License Maintenance Fees”): Twenty thousand dollars (USD $[*]20,000) each year year. Such Annual License Maintenance Fees shall be due on the anniversary date of the Effective Date of this Agreementand are non-refundable. The annual Royalty payments in a given license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are dueyear shall be creditable against these Annual License Maintenance Fees.
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