Common use of Invoices for Patent Expenses Clause in Contracts

Invoices for Patent Expenses. UGARF shall from time to time deliver invoices to Sponsor seeking reimbursement for Patent Expenses under this Agreement. Sponsor shall pay each invoice within thirty (30) days of its receipt or on the date identified as the due date on the invoice, whichever is later.

Invoices for Patent Expenses. UGARF shall from time to time deliver invoices to Sponsor Licensee seeking reimbursement for Licensed Patent Expenses under this AgreementExpenses. Sponsor Licensee shall pay each invoice within by delivering payment to UGARF at the address indicated on the invoice by either thirty (30) days from Licensee’s receipt of its receipt the invoice or on the date identified as the due date on the invoice, whichever is later. Any and all overdue payments under this Agreement will bear interest at the rate of 12% per annum from the date due until paid.