Common use of Technology Transfer Fee Clause in Contracts

Technology Transfer Fee. Videocon shall pay CopyTele a non-refundable, non-creditable Technology Transfer Fee of US $11,000,000.00, as follows: a. US $2,000,000, 15 days after the Effective Date. b. US $1,500,000, nine (9) months after the Effective Date. c. US $2,500,000, eighteen (18) months after the Effective Date. d. US $5,000,000, twenty-seven (27) after the Effective Date.

Technology Transfer Fee. Videocon shall pay CopyTele a non-refundable, non-creditable Technology Transfer Fee of US $11,000,000.00, as follows: a. US $2,000,000, 15 days after the Effective Date. b. US $1,500,000, nine (9) months after the Effective Date. c. US $2,500,000, eighteen (18) months after the Effective Date. d. US $5,000,000, twenty-seven (27) after the Effective Date.. ***