Common use of Sub-License Royalty License Fee Clause in Contracts

Sub-License Royalty License Fee. In addition to the Royalty License Fee specified above, the Licensee shall pay to the Licensor as Additional Royalty for the rights granted by the Licensee by Sub-License to any other person, the additional payments and considerations described on the attached EXHIBIT 'B', or such other payment of consideration as Royalty as the parties shall agree is appropriate in view of the specific circumstances and characteristics of the License and Sub-Licensee, which shall be specified and described on the attached EXHIBIT 'B', or in an addendum thereto, dated and signed by the parties or their duly authorized representatives, provided however, that Licensee understands and acknowledges that in the event that the parties are unable to reach an agreement as to the amount of the Additional Royalty, either in general terms or in a specific circumstance, that Licensee shall not be authorized to grant any rights by Sub-License to any person without the Licensor's express written consent, and that any right granted by Sub-License from Licensee to any other person shall be terminable by Licensor upon not less than 10 days notice to the Licensee and/or to any Sub-Licensee from Licensee.

Appears in 7 contracts

Samples: Intellectual Property License Agreement, Intellectual Property License Agreement, Intellectual Property License Agreement

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