Common use of Initial Licensing Fee Clause in Contracts

Initial Licensing Fee. In consideration of the licenses granted by MTPC to LICENSEE, LICENSEE has previously paid MTPC the total amount of Five Hundred Thousand United States Dollars (US$500,000) as the initial license fee.”

Appears in 2 contracts

Sources: License Agreement (Minerva Neurosciences, Inc.), License Agreement (Minerva Neurosciences, Inc.)

Initial Licensing Fee. In consideration of the licenses granted by MTPC to LICENSEE, LICENSEE has previously paid MTPC the total amount of Five Hundred Thousand One Million United States Dollars (US$500,0001,000,000) as the initial license fee.”

Appears in 1 contract

Sources: License Agreement (Minerva Neurosciences, Inc.)