Milestone Licensing Fee Clause Samples

Milestone Licensing Fee. A milestone licensing fee in the amount of ________________ ($________) dollars shall be payable upon the earlier of: A._____________ (____) months after the date of this Agreement; B.Aggregate revenues in the amount of ____________ ($_____) dollars attained by the Licensee with respect to the Products or Technologies developed pursuant to this Agreement; or C.The first Sublicense granted by the Licensee pursuant to this Agreement. The Licensee shall be required to reimburse the Licensor for costs incurred by the Licensor in connection with the performance of: 1. Due Diligence in the amount of ________________ ($_________) dollars shall be payable simultaneously with the execution of this Agreement. 2. Patent application fees in the amount of ________________ ($_________) dollars shall be payable simultaneously with the execution of this Agreement.