Common use of Royalty Statement Clause in Contracts

Royalty Statement. Company shall provide Contributor with a royalty statement setting forth the licensing by Company of the Accepted Images during that reporting period. Unless otherwise agreed upon in writing by both parties, all payments will be made in US dollars. Any credit for foreign taxes may be claimed only by Company.

Royalty Statement. Company COMPANY shall provide Contributor with a royalty statement setting forth the licensing by Company COMPANY of the Accepted Images during that reporting period. Unless otherwise agreed upon in writing by both parties, all payments will be made in US dollars. Any credit for foreign taxes may be claimed only by CompanyCOMPANY.