209 License Maintenance Fees Clause Examples for Any Agreement
The License Maintenance Fees clause establishes the requirement for the licensee to pay ongoing fees to maintain the validity and continued use of a licensed product or intellectual property. Typically, these fees are charged on a regular basis, such as annually or monthly, and may cover updates, support, or continued access to the licensed material. This clause ensures that the licensor receives compensation for ongoing use and maintenance, and it clarifies the financial obligations necessary to keep the license active.
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License Maintenance Fees. In partial consideration of the License, Company will pay to Penn, on each anniversary of the Effective Date until the first Commercial Sale (as defined in Section 3.3) of the first Licensed Product, the applicable license maintenance fee listed in the table below. Such license maintenance fees shall be creditable toward earned Royalties payable by Company in accordance with Section 3.4 below. ANNIVERSARY: First Second Third Fourth and thereafter LICENSE MAINTENANCE FEE: [ **] [ **] [ **] [ **]
License Maintenance Fees. Licensee will pay license fees in the amounts set forth in Sections 3.1(d) of the Patent & Technology License Agreement in accordance with the stated schedule.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: January 1, 2017 $ [***] January 1, 2018 $ [***] January 1, 2019 $ [***] January 1, 2020 $ [***] January 1, 2021 $ [***] January 1, 2022 $ [***] January 1, 2023 and [***] thereafter $ [***] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: [***] [***] [***] [***] [***] [***] This license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year and any milestone payments in the same calendar year, if any. License maintenance fees paid in excess of running royalties and milestone payments due in such calendar year will not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: January 1, 2015 $ 5,000 January 1, 2016 $ 10,000 January 1, 2017 $ 15,000 January 1, 2018 $ 15,000 Each January 1 of every year thereafter $ 20,000 This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. As partial consideration for the licenses granted hereunder, Licensee shall pay Harvard non-refundable annual license maintenance fees as follows:
4.3.1 [* * *] due and payable on the first anniversary of the Original Effective Date;
4.3.2 [* * *] due and payable on the second anniversary of the Original Effective Date;
4.3.3 [* * *] due and payable on the third anniversary of the Original Effective Date; and
4.3.4 [* * *] for Type I Licensed Products and [* * *] for Type II Licensed Products due and payable on the fourth anniversary of the Original Effective Date and on each subsequent anniversary of the Original Effective Date during the Term. Each license maintenance fee paid under this Section 4.3 shall be creditable against the royalties that are payable to Harvard under Section 4.5.
License Maintenance Fees. COMPANY shall pay to THE PARTIES the following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,000 January 1, 2019 $50,000 and each January 1st of every year thereafter This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to THE PARTIES the following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,500 January 1, 2019 $50,000 and each January 1st of every year thereafter This license maintenance fee shall NOT be due for as long as the DIAGNOSTIC LICENSE is in effect between COMPANY and THE PARTIES. If the DIAGNOSTIC LICENSE is TERMINATED or assigned to a third party who is not an AFFILIATE, COMPANY shall owe license maintenance fees under this AGREEMENT effective immediately. This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. In the event no Milestone Payment has been paid to EMORY on behalf of the LICENSOR prior to an anniversary of the Effective Date as set forth on APPENDIX G, COMPANY shall pay to EMORY on behalf of the LICENSOR the corresponding Maintenance Fee. No Maintenance Fee pursuant to this Section 3.5 shall be payable by COMPANY in the event it has achieved at least one Milestone Event and paid the corresponding Milestone Payment.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.