Royalty Statement. Purchaser agrees to provide Seller with a written statement each year with each Royalty payment setting forth the Revenue received based on the Business for the previous calendar year.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Cemtrex Inc), Asset Purchase Agreement (Cemtrex Inc)
Royalty Statement. Purchaser agrees to provide Seller with a written statement each year calendar quarter with each Royalty payment setting forth the Revenue received based on use of the Business Technology for the previous calendar yearquarter.
Appears in 1 contract
Sources: Technology Asset Purchase Agreement (Integral Technologies Inc)