License Execution Payment Sample Clauses
A License Execution Payment clause requires the licensee to make a specified payment to the licensor upon the formal execution of a license agreement. This payment is typically due immediately or within a short period after both parties sign the agreement, regardless of future performance or milestones. Its core practical function is to provide the licensor with upfront compensation for granting the license, ensuring immediate value and commitment from the licensee at the outset of the contractual relationship.
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License Execution Payment. LICENSEE shall pay to UNIVERSITY a nonrefundable license execution fee in the amount of [***] dollars ($[***]), due and payable in two (2) installments as follows:
(i) [***] dollars ($[***]) due and payable within [***] of the EFFECTIVE DATE of this AGREEMENT; and
(ii) [***] dollars ($[***]) due and payable within [***] of the EFFECTIVE DATE of this AGREEMENT.
License Execution Payment. LICENSEE shall pay to UNIVERSITY a nonrefundable license execution fee in the amount of one hundred thousand dollars ($100,000), due and payable within [**] from when this AGREEMENT is fully executed.