Equitable Agreement on Royalties for Derivative Gross Revenue Sample Clauses

Equitable Agreement on Royalties for Derivative Gross Revenue. (a) FranklinCovey and CL, through their respective authorized agents acting in good faith will reasonably consider the facts and circumstances of each instance where Derivative Gross Revenue is accrued and agree on the component of Derivative Gross Revenue fairly attributable to the Licensed Materials and the reasonable royalty rate attributable to such Licensed Materials component of Derivative Gross Revenue. If FranklinCovey’s and CL’s authorized agents are unable to agree on the foregoing by the date the report required in Section 9.1 is due, the CEO of CL and the CEO of FranklinCovey will meet to attempt to reach agreement on any disputed matters. If they are unable to agree on such matters within 30 days, either party may submit the matter to arbitration.
Sample 1
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Related to Equitable Agreement on Royalties for Derivative Gross Revenue

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  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Third Party Royalties Each party shall be responsible for all of its own costs of commercializing Products or licensing Intellectual Property Rights, including any payments to Third Parties for work done by such Third Parties or for licenses necessary for the manufacture, sale, or use of Products by a party or its Affiliates or sublicensees.

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Royalties 8.1 In consideration of the license herein granted, LICENSEE shall pay royalties to LICENSOR as follows:

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