Common use of PROSPECTIVE BASIS Clause in Contracts

PROSPECTIVE BASIS. Any royalties or payments agreed upon by the Parties for MNIP shall be owed on a prospective basis, and not for any products made, used, sold, offered for sale, or imported prior to VentureCo's receipt of the written description from E referred to in SECTION 4.1 (Material New IP - VentureCo Request).

Appears in 2 contracts

Sources: License & Technology Transfer Agreement (Evergreen Solar Inc), License & Technology Transfer Agreement (Evergreen Solar Inc)