Common use of Retention of Payments Clause in Contracts

Retention of Payments. Upon expiration or termination of this Agreement for whatever reason, Licensor shall be entitled to retain all royalty payments or other payments paid by Licensee under this Agreement, and any remaining royalty payments, or other payments incurred during the Term of this Agreement shall be due and payable immediately. In the event of a Post-Termination Sale, any amounts due or payments incurred during the period of the Post-Termination Sale, shall be due and payable immediately.