Common use of SUMMARY OF TERMS Clause in Contracts

SUMMARY OF TERMS. The terms set forth below shall apply to this Agreement:  Field of Use:  Territory:  Patent royalty rate: 2% of Net Sales  Success Fee Rate: 0.95%  Financial Diligence Milestones: o Licensee will raise no less than $ , in startup funding by [Date] o Licensee will raise no less than $ , in second round of funding by [Date]  Non-Financial Commercial Diligence Milestones: o Technical Milestone 1: o Technical Milestone 2: o Technical Milestone 3: o Technical Milestone 4: o Technical Milestone 5:

SUMMARY OF TERMS. The terms set forth below shall apply to this Agreement: Agreement  Field of Use:  Territory:  Patent royalty rate: 2% of Net Sales  Success Fee Rate: 0.95%  Financial Diligence Milestones: o Licensee will raise no less than $ , in startup funding by [Date] o Licensee will raise no less than $ , in second round of funding by [Date]  Non-Financial Commercial Diligence Milestones: milestones o Technical Milestone 1: o Technical Milestone 2: o Technical Milestone 3: o Technical Milestone 4: o Technical Milestone 5: