Common use of Payment of Royalties Clause in Contracts

Payment of Royalties. Licensee agrees to pay as a royalty for the benefit of ZEROS 15% of the gross income generated by the use of its own ZEROS units during the stated term.

Payment of Royalties. Licensee agrees to pay as a royalty for the benefit of ZEROS 15% of the gross income generated by the use of its own ZEROS units unit(s) during the stated term.