Floating license share Sample Clauses

Floating license share. When Party B sublicenses the authorized rights under this Agreement to a third party [redacted] according to Article 2.4 and other relevant provisions hereof, and if, from 2022 to 2025, the total amount of annual sublicensing income exceeds [redacted], Party B shall pay Party A a share of the amount exceeding the base in proportion as another part of the consideration for obtaining the authorized rights stipulated in this Agreement. The specific calculation method is as follows: 1) Base of each year: Equivalent to [redacted] of the total fixed license fee in the year Share ratio: As for the part of the total annual sublicensing income during the cooperation period that exceeds the base of the year, Party A and Party B shall share it at the ratio of [redacted], that is, Party A shall receive [redacted] and Party B shall retain [redacted] of this part of the amount. 2) Payment arrangement: With regard to the floating license share stipulated under this Article 8.2, Party B shall, within twenty (20) working days after the start of each natural year (i.e., January 1), submit to Party A the previous year’s sublicense settlement report (for example, submit the 2022 settlement report in January 2023), and calculate the floating license share of sublicensing income in the year according to the aforementioned stipulation in this Article. After the settlement report is confirmed by Party A, Party A shall issue to Party B a VAT special invoice corresponding to the floating license share amount, and Party B shall, within fifteen (15) working days after receiving the invoice, pay the floating license share of the year in full to the account designated by Party A. Party A and Party B confirm that the total authorization revenue in the sublicense settlement report shall be based on the contract amount with any existing live broadcasting platform corresponding to the fulfilled sublicense of broadcasting rights in the year, that is, whether or not the existing live broadcasting platform is actually charged, the authorization revenue of the fulfilled part in the year shall be included in the settlement scope. Party B shall provide Party A with relevant attachments (including but not limited to contracts with third parties/existing live broadcasting platforms, statements of accounts, invoices and payment slips) for verification. 3) Party A and Party B shall bear the doubtful debts and bad debts arising from their cooperation. If Party B has not fully recovered the authorizat...
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Related to Floating license share

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