Common use of Payment for Research Clause in Contracts

Payment for Research. COMPANY will pay UNIVERSITY a total of ____________ dollars ($ ) within thirty (30) days of execution of this Agreement. COMPANY will have no obligation to pay UNIVERSITY for any costs beyond the amount specified in this Article unless there are costs associated with export control licenses as specified in Article 9. All payments shall be made to UNIVERSITY in United States Dollars. For converting payments into United States Dollars COMPANY shall use the average of the closing buying rates of the Xxxxxx Guaranty Trust Company of New York applicable to transactions under exchange regulations for the particular currency on the date payment is due. Invoices shall be sent to: Please Remit to: University of Delaware Cashiers Office, Office of Sponsored Programs 00 Xxxxxx Xxxxxx 116 Student Services Building Xxxxxx, XX 00000 Please make Checks Payable to the University of Delaware. Please include invoice number with your payment. COMPANY will, within thirty (30) days of execution of this agreement, pay UNIVERSITY $xxxxxxxx, which equals TO BE DETERMINED (TBD) percent (%) of the sponsored research agreement, inclusive of F&A costs. In exchange, UNIVERSITY will and hereby does grant COMPANY exclusive, irrevocable, sub-licensable, worldwide rights to all inventions arising from any of the sponsored research projects under the Agreement that are owned in whole or in part by UNIVERSITY, as specified in Article 8. Licenses are royalty free for COMPANY in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder are less than $10 million USD. COMPANY shall pay to UNIVERSITY a royalty equal to 1% of net sales in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder exceed $10 million USD. In the event that COMPANY sublicenses its exclusive license hereunder, or any portion thereof, COMPANY may collect royalties and freely assign such sublicenses without the consent of UNIVERSITY. Sublicensee net sales that incorporate the licensed inventions created under this Agreement are included in the determination of annual sales.

Payment for Research. COMPANY will pay UNIVERSITY a total of ____________ dollars ($ ) within thirty (30) days of execution of this Agreement. COMPANY will have no obligation to pay UNIVERSITY for any costs beyond the amount specified in this Article unless there are costs associated with export control licenses as specified in Article 9. All payments shall be made to UNIVERSITY in United States Dollars. For converting payments into United States Dollars COMPANY shall use the average of the closing buying rates of the Xxxxxx Guaranty Trust Company of New York applicable to transactions under exchange regulations for the particular currency on the date payment is due. Invoices shall be sent to: Please Remit to: University of Delaware Cashiers Office, Office of Sponsored Programs 00 Xxxxxx Xxxxxx 116 Student Services Building Xxxxxx, XX 00000 Please make Checks Payable to the University of Delaware. Please include invoice number with your payment. COMPANY will, within thirty (30) days of execution of this agreement, pay UNIVERSITY $xxxxxxxx, which equals TO BE DETERMINED fifteen (TBD15) percent (%) of the sponsored research agreement, inclusive of F&A costs. In exchange, UNIVERSITY will and hereby does grant COMPANY exclusive, irrevocable, sub-licensable, worldwide rights to all inventions arising from any of the sponsored research projects under the Agreement that are owned in whole or in part by UNIVERSITY, as specified in Article 8. Licenses are royalty free for COMPANY in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder are less than $10 million USD. COMPANY shall pay to UNIVERSITY a royalty equal to 1% of net sales in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder exceed $10 million USD. In the event that COMPANY sublicenses its exclusive license hereunder, or any portion thereof, COMPANY may collect royalties and freely assign such sublicenses without the consent of UNIVERSITY. Sublicensee net sales that incorporate the licensed inventions created under this Agreement are included in the determination of annual sales.

Payment for Research. COMPANY will pay UNIVERSITY a total of ____________ dollars ($ ) within thirty (30) days of execution of this Agreement. COMPANY will have no obligation to pay UNIVERSITY for any costs beyond the amount specified in this Article unless there are costs associated with export control licenses as specified in Article 9. All payments shall be made to UNIVERSITY in United States Dollars. For converting payments into United States Dollars COMPANY shall use the average of the closing buying rates of the Xxxxxx Guaranty Trust Company of New York applicable to transactions under exchange regulations for the particular currency on the date payment is due. Invoices shall be sent to: Please Remit to: University of Delaware Cashiers Office, Office of Sponsored Programs 00 Xxxxxx Xxxxxx 116 Student Services Building Xxxxxx, XX 00000 Please make Checks Payable to the University of Delaware. Please include invoice number with your payment. COMPANY will, within thirty (30) days of execution of this agreement, pay UNIVERSITY $xxxxxxxx, which equals TO BE DETERMINED (TBD) percent (%) of the sponsored research agreement, inclusive of F&A costs. In exchange, UNIVERSITY will and hereby does grant COMPANY exclusive, irrevocable, sub-licensable, worldwide rights to all inventions arising from any of the sponsored research projects under the Agreement that are owned in whole or in part by UNIVERSITY, as specified in Article 8. Licenses are royalty free for COMPANY in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder are less than $10 million USD. COMPANY shall pay to UNIVERSITY a royalty equal to 1% of net sales in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder exceed $10 million USD. In the event that COMPANY sublicenses its exclusive license hereunder, or any portion thereof, COMPANY may collect royalties and freely assign such sublicenses without the consent of UNIVERSITY. Sublicensee net sales that incorporate the licensed inventions created under this Agreement are included in the determination of annual sales.

Payment for Research. COMPANY will pay UNIVERSITY a total of ____________ dollars ($ ) within thirty (30) days of execution of this Agreement. COMPANY will have no obligation to pay UNIVERSITY for any costs beyond the amount specified in this Article unless there are costs associated with export control licenses as specified in Article 9. All payments shall be made to UNIVERSITY in United States Dollars. For converting payments into United States Dollars COMPANY shall use the average of the closing buying rates of the Xxxxxx Guaranty Trust Company of New York applicable to transactions under exchange regulations for the particular currency on the date payment is due. Invoices shall be sent to: Please Remit to: University of Delaware Cashiers Office, Office of Sponsored Programs 00 Xxxxxx Xxxxxx 116 Student Services Building Xxxxxx, XX 00000 Please make Checks Payable to the University of Delaware. Please include invoice number with your payment. COMPANY will, within thirty (30) days of execution of this agreement, pay UNIVERSITY $xxxxxxxx, which equals TO BE DETERMINED fifteen (TBD15) percent (%) of the sponsored research agreement, inclusive of F&A costs. In exchange, UNIVERSITY will and hereby does grant COMPANY exclusive, irrevocable, sub-licensable, worldwide rights to all inventions arising from any of the sponsored research projects under the Agreement that are owned in whole or in part by UNIVERSITY, as specified in Article 8. Licenses are royalty free for COMPANY in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder are less than $10 million USD. COMPANY shall pay to UNIVERSITY a royalty equal to 1% of net sales in each year in which annual sales by COMPANY (and sublicensees) using the inventions licensed hereunder exceed $10 million USD. In the event that COMPANY sublicenses its exclusive license hereunder, or any portion thereof, COMPANY may collect royalties and freely assign such sublicenses without the consent of UNIVERSITY. Sublicensee net sales that incorporate the licensed inventions created under this Agreement are included in the determination of annual sales.