Common use of Reports and Royalty Payments Clause in Contracts

Reports and Royalty Payments. (a) Within sixty (60) days after the end of each of it's fiscal quarters, the Licensee shall report .the licensor, the net sales anywhere in the world during such fiscal quarter together with an accounting of accrued royalties payable thereon and art explanation of any offset credit allowances.

Reports and Royalty Payments. (a) Within sixty (60) days after the end of each of it's fiscal quarters, the Licensee shall report .the licensorto the Licensor, the net sales Net Sales anywhere in the world during such fiscal quarter together with an accounting of accrued royalties payable thereon and art explanation of any offset credit allowances.

Reports and Royalty Payments. (a) Within sixty (60) days after the end of each of it's fiscal quarters, the Licensee shall report .the licensorthe Licensor, the net sales Net Sales anywhere in the world during such fiscal quarter together with an accounting of accrued royalties payable thereon and art explanation of any offset credit allowances.