Ongoing Royalty Clause Samples
An Ongoing Royalty clause establishes the obligation for one party, typically a licensee, to make regular royalty payments to another party, such as a licensor, for continued use of intellectual property or other licensed assets. These payments are usually calculated as a percentage of sales, revenue, or another agreed metric, and are made at specified intervals (e.g., monthly or quarterly) for as long as the agreement remains in effect. The core function of this clause is to ensure the licensor receives continuous compensation for the use of their property, incentivizing both parties to maintain the value and success of the licensed asset.
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Ongoing Royalty. Subject to the provisions of this Article III, ARES shall during the Term pay or cause to be paid to SIGNAL royalties on Net Sales of Licensed Products or Combination Products at the following rates:
Ongoing Royalty. SEDONA shall pay OSURF or cause OSURF to be paid one hundred ten thousand U.S. dollars ($110,000) on July 1, 1997 and one hundred ten thousand U.S. dollars ($110,000) on January 2, 1998 and one hundred ten thousand U.S. dollars ($110,000) bi-annually thereafter through January 2, 2002 for total Ongoing Royalty payments through July 1, 2002 of one million one hundred thousand U.S. dollars ($1,100,000). The total of the Initial Royalty payment plus the Ongoing Royalty payments shall be one million three hundred twenty thousand U.S. dollars ($1,320,000).
Ongoing Royalty. 17 3.06 Deduction for ARES Discovery .................................... 18 3.07
Ongoing Royalty. Subject to the provisions of this Article III, ARES shall during the Term pay or cause to be paid to SIGNAL royalties on Net Sales of Licensed Products or Combination Products at the following rates:
(i) [***] of total annual Net Sales of Licensed Products and Combination Products at or below [***];
(ii) [***] of total annual Net Sales of Licensed Products and Combination Products above [***];
(iii) [***] of total annual Net Sales of Licensed Products and Combination Products above [***]; and
(iv) [***] of total annual Net Sales of Licensed Products and Combination Products above [***]; ***Confidential Treatment Requested 23 provided, however, that upon the expiration or invalidation of the last remaining Valid Claim of a SIGNAL Patent or Joint Patent in effect in a country that covers such Licensed Product or Combination Product, royalties payable for such country with respect to such Licensed Product or Combination Product shall be reduced by [***]
Ongoing Royalty. Provider shall pay Engage [**] received by Provider --------------- from sale of subscriptions to the Data Services, sale of Products and use of the Know How in any manner (the "Royalty").
Ongoing Royalty. As consideration for the rights granted herein, Licensee shall pay Licensor an ongoing royalty in the amount of twenty-five thousand US Dollars (US $25,000) per month, payable on the first day of each month, during the Term of the Agreement. The first royalty payment shall be due and payable on the Effective Date.
Ongoing Royalty. Provider shall pay Engage 11.11% of all revenues --------------- received by Provider from sale of subscriptions to the Data Services, sale of Products and use of the Know How in any manner (the "Royalty").
Ongoing Royalty. Beginning April 1, 2024, the Licensor and Licensee shall calculate a monthly royalty due the Licensor during the remainder of the Term and any Sell-off Period (as determined, the "Ongoing Royalty"). The Ongoing Royalty shall be subject to a minimum of $200,000 per month or 4% of gross sales of the Licensed Products during the immediately preceding month, whichever is greater, and paid on a monthly basis with the first Ongoing Royalty payment due to Licensor April 15, 2024.
Ongoing Royalty. In consideration of the licenses granted hereunder, Licensee shall pay to Licensor during the term of this Agreement (except as hereinafter provided) a royalty on all Licensed Products sold by Licensee at the rate of [ ** ] of Net Sales; PROVIDED; HOWEVER, that to the extent Net Sales exceed in a calendar year the sum of [ ** ], but are less than [ ** ] then Licensee shall pay to Licensor a royalty of [ ** ] on the amount of Net Sales which are above [ ** ] and are less than [ ** ]; PROVIDED FURTHER, that to the extent Net Sales are equal to or greater than [ ** ] in a calendar year, but are less than [ ** ], then Licensee shall pay to Licensor a royalty of [ ** ] on the amount of Net Sales which are above [ ** ] but less than [ ** ]; and PROVIDED FURTHER, that if Net Sales are equal to or greater than [ ** ] in a calendar year, then Licensee shall pay to Licensor a royalty of [ ** ] on the amount of Net Sales which are above [ ** ].
Ongoing Royalty. Subject to the terms and conditions of this Article 3, LICENSEE shall pay or cause to the paid to LICENSOR during the term of this Agreement royalties equal to: (a) 10% of all royalties and/or milestone payments actually paid to LICENSEE by any unaffiliated sub-licensee of the Licensed Patent Rights; and (b) 2% of all net sales (after all discounts, rebates, chargebacks, returns, credits and allowances) of Licensed products by Licensee and its affiliates.