Distribution Royalties Clause Samples
The Distribution Royalties clause defines how royalties generated from the distribution of a product, such as a film, book, or software, are calculated and paid to the entitled parties. It typically outlines the percentage or formula used to determine royalty payments, the schedule for payments, and any deductions or expenses that may be subtracted before calculating the final amount owed. This clause ensures that all parties understand their financial entitlements from distribution revenues, thereby preventing disputes and providing a clear framework for sharing profits.
Distribution Royalties. Subject to Section 6.2, in consideration for the grant of the license referred to in Section 2.1.1 and in addition to the royalties and other payments provided for elsewhere in this Article 6:
6.1.1 S▇▇▇▇ & Nephew, Inc. shall pay from the United States to Nucryst Pharmaceuticals Corp. in Canada, with respect to a particular Product Sold in Canada;
6.1.2 S▇▇▇▇ & Nephew, Inc. shall pay from the United States to Nucryst Pharmaceuticals Inc. in the United States, with respect to a particular Product Sold in the United States; and
