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.

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:

Examples of Net Royalties in a sentence

• The Amendment provides for future contingent payments by the Company to Merlot of $1.0 million upon achievement of $25 million of Net Royalties (as defined), an additional $1.0 million upon achievement of $50 million of Net Royalties and an additional $500,000 upon achievement of $62.5 million of Net Royalties from licensing or sale of the patents acquired from Merlot.

• 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.

• First, Net Royalties will be allocated among the licensed Creations as agreed in writing among all Creators or, if no agreement, in equal shares among such Creations.

• Where the Medical Center is entitled to equity in a discovery, any "Net Royalties" (as defined below) that are earned from the invention shall be allocated among the inventor(s) and constituent members of the Medical Center in accordance with this Paragraph.

• After recovery of expenses by the University as provided in subparagraph (b) and contributions to supporting technology transfer at Fairfield University as provided in subparagraph (c), the remaining royalties will be designated Net Royalties.

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

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

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 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 royalties payable to ETHYPHARM pursuant to the terms of this Agreement, net of any Taxes required to be withheld therefrom.