Common use of Development Milestone Fee Clause in Contracts

Development Milestone Fee. 4.3.1. SciSparc shall pay to Polyrizon a total of up to two million and five hundred and fifty thousand dollars ($2,550,000.00) (the “Development Milestone Fee”) in consideration for and conditioned upon the completion of the milestones as set forth below (“Milestone”). Polyrizon will issue to SciSparc an invoice for the portion of the Development Milestone Fee then due and SciSparc shall pay the Development Milestone Fee in accordance with the following:

Appears in 2 contracts

Sources: Confidentiality Agreement (Polyrizon Ltd.), Confidentiality Agreement (Polyrizon Ltd.)