Product License Fee Sample Clauses
The Product License Fee clause defines the payment obligations for the use of a licensed product. It typically specifies the amount, frequency, and method of payment required from the licensee to the licensor in exchange for the right to use the product, which could be software, technology, or other intellectual property. This clause may also outline conditions for fee adjustments, late payments, or additional charges for expanded usage. Its core function is to ensure both parties have a clear understanding of the financial terms associated with the product license, thereby preventing disputes over payment and usage rights.
Product License Fee. Prior to entering into a sublicense under a CAT Product License with respect to any Selected Target in accordance with Section 3.2(d), Merrimack shall pay to Dyax a Product License Fee of [**] US Dollars (US $[**] by wire transfer. If, for any reason, Dyax has not executed the applicable sublicense within [**] business days after the receipt of such fee, Dyax shall, at Merrimack’s request, immediately return such fee.
Product License Fee. Within ten (10) days following the Effective Date, Surface will pay to Vaccinex a fee of $850,000.
Product License Fee. MBio would pay to Abgenix [***] upon the exercise of the option for an exclusive product license. [***] [***] Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Product License Fee. 4.1 Because ESS will transfer all the sales rights of the VCD Backend Decoder Circuitry to Silan, Silan shall pay ESS the product license fee in the amount of [****]— including, but not limited to, product licensing and usage fee for the brand name, trademarks, labels and IP, etc.).
4.2 When the Single-Chip VCD goes into mass production, Silan will share the unit *Gross Margin [****]. The rationale for this royalty rate includes the consideration that the Single-Chip VCD contains ESS’ VCD backend decoding features and the license granted to Silan of the [****]. [****] [****]
4.3 Silan shall make payment to ESS for the total Product License Fees, plus any associated purchase costs as described in section 1.4, [****].
4.4 Silan shall also report to ESS on [****] the number of orders, the number of units distributed, the number of units produced, and the number of products packaged of the VCD backend Decoding Circuitry and the Single-Chip VCD.
4.5 FE Global (referred in section 5 of this Agreement) is authorized to provide an accounting of Silan’s product sales to ESS. ESS also has the right to audit Silan’s production and sales quantity of VCD Backend Decoder Circuitry and Single-Chip VCD not more than once per quarter, during business hours and upon reasonable notice to Silan. The cost of the audit shall be borne by ESS unless the audit shows that Silan has underreported its production, orders, or distribution by at least 5%, in which case the cost of the audit shall be borne by Silan.
4.6 If Silan encounters tremendous pricing pressure during Silan’s marketing and sales of the VCD Backend Decoder Circuitry (including the future Single-Chip VCD), both parties agree to meet and
4.7 negotiate their joint business, and if both parties agree to do so, to adjust the Product License Fee or otherwise amend or terminate this Agreement.
Product License Fee. In partial consideration for all Product License(s) that have been determined by the Steering Committee to arise out of the first [two] Project Plans attached to the Development Agreement on the date of execution of this Agreement (the “Initial Program”) granted hereunder, QUEST shall pay separately to each of SPM and HDC an amount equal to ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US $125,000) within forty five (45) days of the later of publication of a study performed for the Validation Work showing statistically significant performance (“Study Publication”) or First Commercial Sale of a Product developed under such Project Plan (the “Product License Fee”). The payment of said Product License Fee for all Product Licenses arising out of the first two Project Plans is based, upon an understanding by the Parties that the Product(s) developed under the second Project Plan will be an improvement of and/or will be based upon similar indications as the Product(s) developed under the first Project Plan
Product License Fee. Subject to Section 11.5(d) and provided there has been a U.S. Patent issued upon United States patent application entitled "Method and composition for preventing and treating solid tumors," US Patent application publication number US 2004/0138121A1; publication date July 15, 2004, upon the enrollment of the first patient in a Phase II Clinical Trial by Spectrum, Spectrum shall pay to Chicago Labs *** in *** installments of ***. The first such payment shall be made not later than *** after the enrollment of the first patient in the Phase II Clinical Trial. If for any reason a US Patent issues after the enrollment of such first patient, Spectrum shall pay to Chicago Labs within *** of the issuance of the Patent all of the *** installments that would have been due and payable had a US Patent been issued at the time of such enrollment and shall thereafter continue such payments until Spectrum has paid Chicago Labs the full ***. Spectrum shall pay to Chicago Labs each *** payment before the *** in which the payment is due.
Product License Fee. ImClone shall pay to Dyax a product license fee of [*****], by wire transfer, upon execution of any and each sublicense with respect to a CAT Product License between Dyax and ImClone. The sublicense shall not come into effect until such fee is paid.
Product License Fee. Licensee shall pay to Dyax a product license fee of [***] (less any reservation fee previously paid by Licensee under Section 3.4(c)) prior to the execution of a CAT Product License with respect to any Selected Target. If for any reason a signed copy of such CAT Product License is not provided to Licensee within ten (10) business days after the receipt of such fee, Licensee may request its immediate return, and Dyax shall promptly do so.