Cap on Running Royalties. If Subject Invention is either (a) a process that improves the efficiency or lowers the cost of manufacture of existing Sponsor products or processes, or (b) a product that is an improvement of an existing Sponsor product, then the cumulative payments due University under this Section A.2 shall not exceed five million dollars ($5,000,000) for each Sponsor product or process for which (a) or (b) applies.
Appears in 3 contracts
Samples: Research Agreement, Mn Ip Master Research Agreement, Mn Ip Master Research Agreement
Cap on Running Royalties. If Subject Invention or Copyrightable Material is either (a) a process that improves the efficiency or lowers the cost of manufacture of existing Sponsor products or processes, or (b) a product that is an improvement of an existing Sponsor product, then the cumulative payments due University under this Section A.2 shall B.3 will not exceed five million dollars ($5,000,000) for each Sponsor product or process for which (a) or (b) applies.
Appears in 1 contract
Samples: Wayne State University
