Common use of Minimum Royalty Payment Clause in Contracts

Minimum Royalty Payment. Licensee agrees to pay ----------------------- Licensor a non-refundable Minimum Royalty Payment as listed on Schedule I, attached hereto, during the term of this Agreement in accordance with Paragraph 13, infra.

Appears in 2 contracts

Sources: License Agreement (Famous Fixins Inc), License Agreement (Famous Fixins Inc)