Common use of Minumum Annual Royalties Clause in Contracts

Minumum Annual Royalties. If LICENSEE achieves sales of LICENSED PRODUCT, the LICENSEE will pay REGENTS a minimum annual royalty in each calendar year following the calendar year in which the first sale occurred;

Minumum Annual Royalties. If LICENSEE achieves sales of LICENSED PRODUCT, the LICENSEE will pay REGENTS a minimum annual royalty in each calendar year following the calendar year in which the first sale occurred;; for reference only