Transfer Payment. The total payment (the "Transfer Payment") (which does not include royalties) for the transfer of the Licensed Technology is three million U.S. dollars (US$3,000,000). This amount shall be paid to ERC by the Joint Venture within sixty (60) days of the Effective Date of the Joint Venture Contract.
Appears in 2 contracts
Sources: Technology Transfer and License Contract (Evercel Inc), Technology Transfer and License Contract (Energy Research Corp /Ny/)