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Common use of Failure to Make Payment Clause in Contracts

Failure to Make Payment. The failure of Licensee to make any royalty payment by its due date thereof;

Appears in 6 contracts

Sources: License Agreement (Medina International Holdings, Inc.), Patent License Agreement (Medina International Holdings, Inc.), License Agreement (Medina International Holdings, Inc.)

Parent Clauses

  • Default Authorized User
  • Events of Default
  • ENTIRE AGREEMENT
  • Insurance Requirements
  • Default and Remedies

Sub-Clauses

  • Successors and Assigns
  • Proportionate Amounts
  • No Assignment to Certain Persons
  • Treatment of Certain Information; Confidentiality
  • Successors and Assigns Generally
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