License Royalties Sample Clauses
The License Royalties clause defines the financial terms under which the licensee must pay the licensor for the right to use certain intellectual property. Typically, this clause specifies the royalty rate, the calculation method (such as a percentage of sales or a fixed fee per unit), and the payment schedule. It may also outline reporting requirements and audit rights to ensure accurate payments. The core function of this clause is to ensure the licensor is fairly compensated for the use of their intellectual property, while providing clear guidelines for both parties to avoid disputes over payments.
POPULAR SAMPLE Copied 1 times
License Royalties. AviGenics shall pay to UGARF a running royalty of [***] of the [***] for all sales of Licensed Products sold, leased, rented, licensed or otherwise distributed directly by AviGenics.
License Royalties. As consideration for the license granted in Section 5.1, e-Smart shall pay the following amounts (plus applicable value added taxes) to MYBi:
(a) an annual royalty of (a designated number) due and payable on each anniversary of the Effective Date; and
(b) a royalty in an amount equal to (a designated number) the Ex-Korea Automated Fare Collection Net Operating Profits, which shall be due and payable on a biannual basis, on July 31 and January 31 of each year of the Term, for the periods from January 1 through June 30 of that calendar year and from July 1 through December 31 of the previous calendar year, respectively.
License Royalties. 1. In consideration of the rights and license granted to IOMED to the ELAN IONTOPHORETIC PATENT RIGHTS by virtue of this Agreement, IOMED shall pay to ELAN, the sum of (****) United States Dollars (****) in cash by wire transfer due upon execution of this Agreement and payable within two business days of the EFFECTIVE DATE.
License Royalties. 5.2.1 In consideration of the rights and licence granted to Acorda to the Elan Patent Rights by virtue of the SCI Agreement, Acorda has paid to Elan $5,000,000 (five million United States Dollars); and
5.2.2 In consideration of the rights and licence granted to MS R & D to the Elan Patent Rights by virtue of the MS Agreement, MS R & D has paid to Elan $15,000,000 (fifteen million United States Dollars) – receipt of each of which is hereby acknowledged by Elan.
License Royalties. 1. In consideration of the rights and license granted to IOMED to the DDS IONTOPHORETIC PATENT RIGHTS by virtue of this Agreement, IOMED shall pay to DDS, the sum of **** United States Dollars **** in cash by wire transfer due upon execution of this Agreement and payable within two business days of the EFFECTIVE DATE.
License Royalties. 3.1 In partial consideration for the license granted by STANFORD to RIGEL under Section 2.1, RIGEL agrees to pay to STANFORD the following:
(a) An initial, nonrefundable license issue royalty of [ * ], which amount shall be paid within thirty (30) days after the Effective Date.
(b) A royalty payment equal to [ * ] on each of the first three (3) anniversaries of the Effective Date. After the third (3rd) anniversary of the Effective Date, the sublicense shall be considered perpetual and fully paid-up.
License Royalties. 3.1 In partial consideration for the license granted by STANFORD to RIGEL under Section 2.1, RIGEL agrees to pay to STANFORD the following:
(a) An initial, nonrefundable license issue royalty of [ * ], which amount shall be paid within thirty (30) days after the Effective Date.
(b) A royalty payment equal to [ * ] on each of the first three (3) anniversaries of the Effective Date. After the third (3rd) anniversary of the Effective Date, the sublicense shall be considered perpetual and fully paid-up.
3.2 If RIGEL grants to Cell Genesys a sublicense under the Licensed Biological Materials to use and sell products in the field of human and/or animal gene therapy, RIGEL shall pay to STANFORD during the term of such sublicense a sublicense fee as follows: Upon signing of the sublicense $ [ * ] On each of the first three (3) anniversaries of the effective date of such sublicense $ [ * ] On the 4th, 5th and 6th anniversaries of the effective date of such sublicense $ [ * ] After the sixth (6th) anniversary of the effective date of such sublicense, the sublicense shall be considered perpetual and fully paid-up.
License Royalties. 7.1.1 In consideration of the license of the ELAN PATENTS granted to GEMINI under this Agreement, GEMINI shall pay to ELAN
(i) the sum of $7,500,000 due upon execution of this Agreement and payable within 2 business days of the EFFECTIVE DATE; and
(ii) a license royalty fee of [omitted] of NET INCOME until the aggregate of such royalty fee equals [omitted].
7.1.2 Payment of the license fee royalty pursuant to Clause 7.1.1
License Royalties. Under the Definitive Restated Agreements, Hakuto would be entitled to 10% of license royalties for MODE Items which are designed in by any parties in Japan or by any customers procured by Hakuto in the Non-Japan Territories and later licensed to such party or customer.
License Royalties. 6.1 LICENSEE agrees to pay to STANFORD a noncreditable, nonrefundable license issue royalty of [***] upon signing this Agreement.
6.2 Beginning February 1, 1998 and each February 1 thereafter, LICENSEE also shall pay to STANFORD a yearly royalty of [***]. Said yearly royalty payments are nonrefundable but they are creditable against earned royalties to the extent provided in Paragraph 6.5.
6.3 LICENSEE agrees to pay to STANFORD a milestone royalty upon the issuance of Licensed Patents, as follows:
(a) [***] upon the issuance of the first to issue United States Patent claiming priority to the Priority Application;
(b) [***] upon the publication for opposition of the first application to publish for opposition out of the European Patent Office claiming priority to the Priority Application; and
(c) [***] upon the publication for opposition of the first application to publish for opposition out of the Japanese Patent Office claiming priority to the Priority Application, with the understanding that LICENSEE shall only be required to pay a maximum of [***] in milestone license royalty payments pursuant to this Section 6.3.
6.4 In addition, during the term of this Agreement, LICENSEE shall pay STANFORD earned royalties based on Net Sales of LICENSEE and Net Royalties owed to LICENSEE by a sublicensee as follows: