Tech Transfer Fee Clause Samples
A Tech Transfer Fee clause establishes the obligation for one party to pay a specified fee when technology, intellectual property, or know-how is transferred from one entity to another. This fee may be triggered upon the completion of a technology transfer event, such as the delivery of technical documentation, training, or the granting of rights to use certain patented processes. The clause ensures that the transferring party is compensated for sharing proprietary technology, thereby incentivizing innovation and clarifying the financial terms associated with the transfer.
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Tech Transfer Fee. In consideration for payment by Sinopharm to AEZS of a tech transfer fee in the amount of one million US Dollars (US$1,000,000) ("Tech Transfer Fee"), AEZS shall (a) disclose the AEZS Manufacturing Technology pursuant to Article 2, (b) provide the Technical Assistance pursuant to Article 3, and (c) transfer the Materials in accordance with Article 4, commencing no later than five (5) days after the date of receipt by AEZS of the Tech Transfer Fee [*] [Exclusion of sensitive competitive information], subject to advance disclosure of items marked for advance delivery in Exhibit A pursuant to Article 2. AEZS shall provide to Sinopharm a pro forma invoice for the Tech Transfer Fee on the Effective Date, which shall be duly signed by the authorized representative of AEZS who executed this Agreement, or his or her duly authorized delegate. Sinopharm shall pay the Tech Transfer Fee no later than [*] [Exclusion of sensitive competitive information].
Tech Transfer Fee. Licensee shall pay to INmuneBio a Tech Transfer Fee of $[##############], which shall be paid in accordance with the following schedule: (a) $[##############] payable upon executing this Agreement, (b) thereafter on or prior to the date that is six months fourteen (14) months after the Effective Date $[##############], and (c) the remaining balance of $[##############] payable upon completion of technology transfer or the date that is two years from the Effective date, whichever is first to occur, which for purposes herein, “completion of technology transfer” shall be deemed achieved upon successful completion of the first GMP manufactured batch of a Licensed Product. Notwithstanding the successful completion of the first GMP manufactured batch of a Licensed Product, upon the request of Licensee, INmuneBio shall make qualified personnel reasonable available to Licensee for support and troubleshooting purposes.”
Tech Transfer Fee. Licensee shall pay to INmuneBio a Tech Transfer Fee of [*], which shall be paid in accordance with the following schedule: (a) [*] payable upon executing this Agreement, (b) thereafter on or prior to the date that is six months after the Effective Date [*], and (c) the remaining balance of [*] payable upon completion of technology transfer or the date that is two years from the Effective date, whichever is first to occur, which for purposes herein, “completion of technology transfer” shall be deemed achieved upon successful completion of the first GMP manufactured batch of a Licensed Product. Notwithstanding the successful completion of the first GMP manufactured batch of a Licensed Product, upon the request of Licensee, INmuneBio shall make qualified personnel reasonable available to Licensee for support and troubleshooting purposes.
Tech Transfer Fee. RTI shall pay Licensor the following payments in consideration of each of the following deliverables covering the transfer of technology and know-how concerning the Licensor’s technology, within [*] following the achievement of each of the following events and delivery of Licensor’s invoice:
(i) upon delivery of draft documentation (for technology transfer in accordance with Section 2.2(c)(i)-(v)) for review/comment by RTI, such delivery to occur within [*] after the effective date, RTI will pay Licensor [*].
(ii) upon RTI’s final approval of the documentation relating to Sections 2.2(c)(i)-(v) such documentation to be delivered within [*] after the effective date, RTI shall pay Licensor [*].
(iii) upon completion by Licensor of an on-site presentation and training at the RTI facility [*].
(iv) upon delivery by Licensor to RTI of an annual update of improvements or modifications (if any), including of sourced parts, by December 15 each year (or earlier if available), RTI shall pay Licensor [*] (in those years in which improvements or modifications are made and an update is provided). This payment obligation will commence in 2019.
Tech Transfer Fee. Betta will pay to Agenus an additional one-time, non-refundable, non-creditable, and not subject to set-off fee of [*] (“Tech Transfer Fee”) upon the Manufacturing Technology Transfer Completion pursuant to Section 5.2(b). Agenus will invoice Betta for the Tech Transfer Fee following its receipt of Betta’s notice of the Manufacturing Technology Transfer Completion pursuant to Section 5.2(b) and Betta will make the payment [*] following receipt of such invoice.