Earned Royalties on Licensed Products Sample Clauses
The 'Earned Royalties on Licensed Products' clause defines the obligation of the licensee to pay royalties to the licensor based on the sales or use of products that incorporate the licensed intellectual property. Typically, this clause specifies the percentage or amount of royalties due, the method for calculating royalties (such as net sales or units sold), and the timing of payments. Its core practical function is to ensure the licensor receives fair compensation for the use of their intellectual property, providing a clear mechanism for revenue sharing and reducing disputes over payment terms.
Earned Royalties on Licensed Products for the In Vivo Field of Use in Field of Use B. In partial consideration of the Sublicense, Company will pay to Cellscript a [***] percent ([***]%) royalty on Net Sales of Licensed Products in Field of Use B for all uses in the In Vivo Field of Use, including: [***] during the Quarter. For the avoidance of doubt, if Company or its Affiliates or Third Party sublicensees grant sublicenses to sell Licensed Products for any such uses in Field of Use B, Company will pay to Cellscript a [***] percent [***] royalty on Net Sales of all such Licensed Products sold by said sublicensees.
Earned Royalties on Licensed Products. In addition to the License Issue Fee and Milestone Payments, LICENSEE will pay THE REGENTS an earned royalty of [ * ]% on Net Sales of Licensed Products. Payments of earned royalties will be in accordance with the requirements of Article 5 (FEES, ROYALTIES AND PAYMENTS) and Article 7 (PROGRESS AND ROYALTY REPORTS) of this Agreement.
Earned Royalties on Licensed Products. In addition to the Milestone Payments, LICENSEE will pay TomoTherapy an earned royalty of [ * ]% on Net Sales of Licensed Products in the Particle and Radiotherapy Field of Use (or the Medical Field of Use should the Current Field of Use be expanded as set forth in Article B.1.2.2. above). LICENSEE will pay TomoTherapy an earned royalty of [ * ]% on Net Sales of Licensed Products in all other Fields of Use. Payments of earned royalties will be in accordance with the requirements of Article 5 (FEES, ROYALTIES AND PAYMENTS) and Article 7 (PROGRESS AND ROYALTY REPORTS) of this Agreement.