Payments for Exercised Indications Clause Samples

The "Payments for Exercised Indications" clause defines the financial obligations that arise when a party chooses to exercise rights related to specific indications, such as particular uses or applications of a product or technology. Typically, this clause outlines the timing, amount, and method of payment required once an indication is exercised, and may specify milestones or royalties tied to the development or commercialization of that indication. Its core function is to ensure that compensation is clearly structured and agreed upon when new indications are pursued, thereby reducing disputes and providing predictable financial terms for both parties.