Setting the Royalty Sample Clauses
The 'Setting the Royalty' clause defines how the royalty rate or amount is determined for the use of intellectual property or licensed materials. It typically outlines the basis for calculation, such as a percentage of sales, a fixed fee per unit, or another agreed metric, and may specify when and how payments are to be made. This clause ensures both parties have a clear understanding of the financial terms, reducing the risk of disputes over payment obligations and providing a predictable framework for compensation.
Setting the Royalty. Publisher shall submit to Microsoft, at least XXXX for a Software Title, a completed and signed “Royalty Tier Selection Form” in the form attached to this Agreement as Exhibit 2 for each Sales Territory. The selection indicated in the Royalty Tier Selection Form will only be effective once the Royalty Tier Selection Form has been accepted by Microsoft. If Publisher does not submit a Royalty Tier Selection Form as required hereunder, the royalty fee for such Software Title will default to XXXX , regardless of the actual Threshold Price. The selection of a royalty tier for a Software Title in a Sales Territory is binding for the life of that Software Title even if the Threshold Price is reduced following the Software Title’s Commercial Release.
Setting the Royalty