Licence Fee 2 Clause Samples

The 'Licence Fee 2' clause defines the payment obligations related to a secondary or additional licence fee under an agreement. Typically, this clause outlines the amount, timing, and method of payment for this specific fee, and may specify conditions under which the fee is due, such as upon reaching certain milestones or continued use of licensed materials. Its core function is to ensure both parties are clear on the financial terms associated with the additional licence, thereby preventing disputes over payment and clarifying the cost structure of the agreement.