Software Royalty Clause Samples
A Software Royalty clause defines the payment obligations for the use or licensing of software, typically requiring the licensee to pay the licensor a specified fee based on usage, sales, or revenue generated from the software. This clause may outline the calculation method for royalties, payment schedules, and reporting requirements, and can apply to both one-time and recurring payments depending on the agreement. Its core practical function is to ensure the licensor is fairly compensated for the use of their software intellectual property, while providing clear terms to avoid disputes over payment.
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Software Royalty. Notwithstanding any other provision in this Agreement and as an exception to any and all warranties, statements or representations given by the Seller or the Company to the contrary, the Purchaser acknowledges and confirms acceptance of the right for the Seller, to receive and to continue to receive a 3% royalty for all and any sales of software, including ‘Abacus’ or any software derived therefrom, by the Purchaser or its Affiliates, such right of the Seller shall apply to and be binding on the Purchaser’s Affiliates and any owner, or assignee or transferee, of the intellectual property in such software, as if this was an obligation on them.
Software Royalty. The API software will be provided for a royalty license fee of [**] per Xerox product [**] to Xerox end-user customers.
Software Royalty. Subject to Sections 4.3.5 and 6.2, Forty-Five (45) days after the end of each calendar month in which Licensed Software was sold, Company shall pay to Harmonix a royalty of (i) [***] for Licensed Software sold outside a Bundle, (ii) [***] for Licensed Software sold in a Dongle Bundle, and (iii) [***] for Licensed Software sold in any other Bundle (the “Software Royalty”) during said calendar month (the “Royalty Period” for the Software Royalty). For purposes of this Agreement, a Licensed Software is considered “sold” when it is invoiced, shipped or paid for, whichever occurs first, solely except for those customers of Company for whom Company issues an invoice upon confirmation of delivery, in which case such Licensed Products shall be deemed “sold” when invoiced, provided that Company issues an invoice to the applicable customer for such Licensed Products within five business days of shipment. Notwithstanding the above and in lieu of payments forty-five (45) days after the end of the applicable calendar month, the Software Royalty for the Bundles and Licensed Software included in the Minimum Launch Quantities and Minimum [***] Quantities shall be paid as follows:
A. For the [***] Bundles included in the Minimum Launch Quantities and the [***] Stand-Alone Licensed Software included in the Minimum Launch Quantities (together, the “Launch Software Royalty Units”), the following payments shall be made:
1. On or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for the Launch Software Royalty Units (calculated as [***] of [***], which is comprised of [***] Software Royalty for Bundles [***] and [***] Software Royalty for Stand-Alone Licensed Software [***]).
2. On or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for the Launch Software Royalty Units. Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2.
3. On or before [***], Company shall pay Harmonix the remaining [***], representing the remaining [***] of the Software Royalty for the Launch Software Royalty Units.
B. For the [***] Bundles and the [***] Stand-Alone Licensed Software included in the Minimum [***] Quantities, on or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for such Bundles (calculated as [***]) and Licensed Soft...
Software Royalty. Seagate shall pay to Dragon Systems a royalty equal to [**] of Seagate's Software Net Revenue. These payments shall be made within [**] after the end of each calendar quarter, based upon such Net Revenue during that calendar quarter, and shall be accompanied by a report, in reasonable detail, specifying the basis for the amount paid. All Software Net Revenue and payments shall be computed in United States dollars. Net Revenue in other currencies in any calendar month shall be converted to United States dollars according to the rate of exchange published in the Wall Street Journal on the last business day of that calendar month. The parties may, in their discretion, renegotiate the above [**] royalty rate if Dragon Systems provides to Seagate significant New Versions.