Common use of Fixed Consideration Clause in Contracts

Fixed Consideration. In consideration for the assignment of Seller’s rights, title and interest in the Patents and the Causes of Action, and the other obligations of Seller as set forth in this Agreement, Purchaser shall pay or otherwise provide to Seller the following fixed consideration (“Fixed Consideration Amount”): (a) On the Closing Date, Purchaser shall deliver to Seller two million United States Dollars (US $2,000,000) via wire transfer to the bank account specified in Section 3.2(b) of this Agreement (the “Initial Cash Consideration Payment”).

Appears in 1 contract

Sources: Patent Purchase Agreement

Fixed Consideration. In consideration for the assignment of Seller’s 's rights, title and interest in the Patents and the Causes of Action, and the other obligations of Seller as set forth in this Agreement, Purchaser shall pay or otherwise provide to Seller the following fixed consideration ("Fixed Consideration Amount”): '}: (a) On the Closing Date, Purchaser shall deliver to Seller two million United States Dollars (US $2,000,000) ____________ via wire transfer to the bank account specified in Section 3.2(b) of this Agreement (the "Initial Cash Consideration Payment").

Appears in 1 contract

Sources: Patent Purchase Agreement