Common use of Consideration and Reporting Clause in Contracts

Consideration and Reporting. 3.1. License Fees, Royalties and Taxes: This license is being granted on a royalty-free basis. The only consideration to Certicom for the license granted herein are the rights granted to Certicom under Sections 2.3 and 2.4, and Licensee and Sub-licensees promise to be bound by the terms of this Agreement.

Appears in 2 contracts

Sources: Patent License Agreement, Patent License Agreement