License Initiation Fee. In partial consideration of the License and the Option, Company will pay to Drexel a one-time, non-refundable, non-creditable license initiation fee of $20,000 payable in [***] after the Effective Date and [***], [***] and [***] after the Effective Date.
Appears in 2 contracts
Sources: Intellectual Property License Agreement (Rain Therapeutics Inc.), Intellectual Property License Agreement (Rain Therapeutics Inc.)