Common use of Licensing Agreements Clause in Contracts

Licensing Agreements. Should the Company enter into any licensing agreement with any or all of the defined Forms of Work, the Contractor shall be paid ten percent (10%) of the total gross revenue received by the Company from the licensee. Units of Forms of Work sold through any licensing agreement are valid toward fulfillment of each Royalty Level set forth in paragraphs 4.1(b)(i), (ii) and (iii) above.

Licensing Agreements. Should the Company enter into any licensing agreement with any or all of the defined Forms of Work, the Contractor shall be paid ten percent (10%) of the total gross revenue received by the Company from the licensee. Units of Forms of Work sold through any licensing agreement are valid toward fulfillment of each Royalty Level set forth in paragraphs 4.1(b)(i4.1(d)(i), (ii) and (iii) above.