Net Royalties definition

Net Royalties means all royalties, including, without limiting the generality of the foregoing, any one time payment, milestone payment or pass-through royalty, received by the Inventor(s) and the University from the sale, licensing, or other disposition of an Invention or Software, less the costs specifically related to the pro- tection, licensing, distribution, or commercial development of the Invention or Software.

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Net Royalties means royalties, net of any withholding taxes, due on Net Sales.

Net Royalties means gross royalties and fees received by the Facility Operator from a Licensee as consideration for commercially licensing any Subject Invention, Copyrighted Project Work or Other Intellectual Property, less the following: i. legal and other direct expenses (that are not otherwise reimbursed under an option or license agreement from a third party) of patenting, protection and preserving patent, copyrighted and related intellectual property rights, maintaining patents and such other costs, taxes, or reimbursements as may be necessary or required by law, except patent infringement expenses, and ii. inventor or author shares in accordance with the Facility Operator’s patent or copyright policy. Direct expenses include operation expenses of the Facility Operator. Net Royalties does not include any payments to joint holders nor research funding accepted in association with an option or licensing agreement. Net Royalties shall be determined annually by the Facility Operator for each licensed Subject Invention, Copyrighted Work, and/or Other Intellectual Property.

Examples of Net Royalties in a sentence

• The Facility Operator is responsible for notifying the Sponsor, on an annual basis, of Net Royalties received as a result of its licensing of intellectual property under this Agreement.

• Example 2, Net Royalties: if 80% of the development activities were funded with Match Funds or non-Energy Commission funds during the Agreement and Net Royalties totaled $100,000 in one year, the Recipient would owe the Energy Commission $2,000 for the year (10% of $100,000 = $10,000; 80% of $10,000 = $8,000; $10,000 - $8,000 = $2,000).

• Annual Royalty Payments from Net Revenues and Net Royalties received resulting from the sale, license, or assignment of each Subject Invention, Copyrighted Project Work or Other Intellectual Property right shall extend for a period of ten (10) years from the Agreement’s end date that funded the licensed intellectual property or until the underlying patent, copyright, or Other Intellectual Property protection expires, whichever occurs first.

• Facility Operator may satisfy the entire royalty obligation to the Energy Commission without a pre-payment penalty, as an alternative to annual Net Royalties and Net Revenues payments under Paragraph B.

• Notwithstanding, the Facility Operator is not required to report or make an Annual Royalty Payment for any calendar year in which Net Royalties are less than $1,000 U.S. Dollars.

More Definitions of Net Royalties

Net Royalties means gross royalties received by the Trust during any applicable period less payments to the Trustee, Grantor, and/or Administrator during such period.

Net Royalties means (a) the royalties based on NET SALES collected by LICENSEE from its sublicensees for LICENSED PRODUCTS subject to royalties hereunder, less the amount of any tax required to be withheld by a government or governmental agency, and (b) any other fees received by LICENSEE from its sublicensees in respect of the sale, or the right to sell LICENSED PRODUCTS. NET ROYALTIES shall not include amounts paid by a sublicensee to LICENSEE (i) as reimbursement of expenses, (ii) that are payable in respect of research or development or (iii) to fund research and development, or (iv) in respect of the sale of other transfer of LICENSEE'S entire business or of that part of LICENSEE'S business to which the license granted hereby relates.

Net Royalties means Royalties received by the Management Trustee after the deduction of the Royalty Fee.

Net Royalties means “Gross Royalties” less “Licensing Costs.” “Program” means the scientific research program entitled AURORA;

Net Royalties means Royalties received by Company after the deduction of a 1.0% fee (the “Royalty Fee”) retained by Company.

Net Royalties means the net royalties on all Net Sales of Products actually received by LICENSEE or its Affiliate(s), including the receipt of lump sums as advances against royalties, from non-affiliated licensees in connection with the licensing of any Patent Rights.

Net Royalties means any gross royalty revenues from any License Agreements directly related to the Acquired Assets, less third-party commissions payable by Xcel on such royalty revenues.