Common use of Assignment of Royalty Obligation Clause in Contracts

Assignment of Royalty Obligation. ORGANIZATION may assign to a subsequent supplier or purchaser of Certified Product, the obligation to pay Royalties to RA if ORGANIZATION, RA and the subsequent supplier or purchaser agree in writing. Notwithstanding the foregoing, if the subsequent supplier or purchaser fails to pay the assigned Royalties, ORGANIZATION shall pay the Royalties to RA pursuant to the terms of these License Terms and Conditions.

Appears in 5 contracts

Samples: License Agreement, License Agreement, License Agreement

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