Intellectual Property Fee definition

Intellectual Property Fee means a one-time, non-refundable fee of percent (_%) of the Contract Cost Limitation, per Field of Use, payable by COMPANY to GTRC as specified in Section 4 (Compensation and Expenses; Contract Cost Limitation) and Section 9 of this Agreement.
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Examples of Intellectual Property Fee in a sentence

  • The Licensed Intellectual Property Fee, the Exclusive Territorial Rights Royalty Fee and the Services Fee are sometimes referred collectively herein as "Royalties".

  • Subject to the existence of any third party rights and the payment of the Intellectual Property Fee, GTRC hereby grants to COMPANY an option to negotiate a license to any GTRC Intellectual Property and/or GTRC’s commercial rights in and to Joint Intellectual Property, in any field other than the Field(s) of Use (“Other Fields Option”).

  • The Intellectual Property Fee shall be billed on a separate invoice upon the initiation of the Research Project.

  • For the avoidance of doubt, timely payment of the Intellectual Property Fee is a condition precedent to the attachment of Exclusive Commercial Rights, and GTRC may (i) refuse to accept any delinquent Intellectual Property Fee and (ii) withhold any and all Exclusive commercial Rights associated therewith.

  • GTRC hereby grants to COMPANY an option to negotiate a license, subject to any existing third party rights and the payment of the Intellectual Property Fee, to any GTRC Sole Intellectual Property and/or GTRC’s rights in and to Joint Intellectual Property, in any field other than the Fields of Use (“Other Fields Option”).

  • The ----------------------------------------------------------------------- Professional Management and Intellectual Property Fee of US$170,000 paid into an escrow account by FiberTel for the benefit of OSS pursuant to Section 4.3 of the MOA shall be released to FiberTel upon the full execution of this Agreement.

  • COMPANY agrees to pay each invoice, including the Advance Invoice and the Intellectual Property Fee invoice, within thirty (30) days of the invoice date.