Non-recoupable License Fee Sample Clauses
A Non-recoupable License Fee is a payment made by a licensee to a licensor that is not recoverable or deductible from future royalties or other payments. In practice, this means that the licensee pays a set fee upfront or at specified intervals, regardless of the commercial success or revenue generated by the licensed product or service. For example, a software company might pay a non-recoupable fee to use patented technology, and this fee remains due even if the software does not generate expected sales. The core function of this clause is to guarantee the licensor a minimum, non-refundable income from the licensing arrangement, thereby allocating financial risk to the licensee and providing the licensor with immediate compensation.
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Non-recoupable License Fee. Licensee shall pay to RGI a non-refundable and non-recoupable license fee in the amount of [***] (the “License Fee”) payable as follows:
7.2.1.1. [***] upon execution of this Agreement; and
7.2.1.2. [***] upon Commercial Release of the Game in any country within the Territory.
7.2.1.3. Licensee’s failure to pay either of the payments set forth in Sections 7.2.1.1 or 7.2.1.2 within the time periods set forth therein shall be deemed a material breach of this Agreement, and RGI, in addition to any remedies available to it at law or in equity, may immediately terminate this Agreement upon written notice to Licensee without any liability to Licensee of any kind.
Non-recoupable License Fee. Licensee shall pay to HBS a non-refundable and non-recoupable license fee in the amount of Two Million Five Hundred Thousand U.S. Dollars (the “License Fee”) within five (5) working days following the execution of this Agreement. Licensee’s failure to pay payment of the License Fee within the time period set forth herein shall be deemed a material breach of this Agreement, and HBS, in addition to any remedies available to it at law or in equity, may immediately terminate this Agreement upon written notice to Licensee without any liability to Licensee of any kind.