Right to Receive Royalties Sample Clauses
The "Right to Receive Royalties" clause establishes a party’s entitlement to receive payments based on the use, sale, or licensing of intellectual property or other assets. Typically, this clause outlines the conditions under which royalties are earned, the calculation method, and the payment schedule, such as quarterly or annual disbursements. By clearly defining who is owed royalties and under what circumstances, this clause ensures that creators or rights holders are fairly compensated for the ongoing use of their work, thereby preventing disputes and providing financial clarity.
Right to Receive Royalties. I understand that if I assign my intellectual property rights to Sponsor, then Sponsor will manage the intellectual property and shall be solely responsible for patenting and commercialization of the intellectual property. Sponsor shall have the sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the intellectual property. I understand that if I assign my intellectual property rights to Sponsor, then I will not receive any financial benefit, licensing or patenting assistance, or other financial compensation from the University for that Intellectual Property. Any financial benefit would have to be agreed to in a separate agreement with Sponsor.
Right to Receive Royalties. I understand that if I assign my Intellectual Property to Sponsor, then Sponsor will manage the Intellectual Property and shall be solely responsible for patenting and commercialization of the Intellectual Property. Sponsor shall have sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the Intellectual Property.
Right to Receive Royalties. I understand that if I assign my intellectual property rights to the KSURF, then KSURF will manage the intellectual property under current University policy and will share resulting
Right to Receive Royalties. I understand that if I assign my intellectual property rights to the University, then NTU will manage the intellectual property under current University policy and will share resulting royalties, if any, with me in accordance with University policy as it applies to intellectual property created by University employees. NTU shall be solely responsible for patenting and commercialization of the intellectual property, consistent with University policy, as may be amended from time to time, and shall have sole right and responsibility to determine the extent of patent prosecution, maintenance, enforcement and defense relating to the intellectual property. NTU is under no obligation to use other than reasonable efforts currently in practice in the future marketing or licensing of the intellectual property.
Right to Receive Royalties. As of January 1, 2000, the parties agree that -------------------------- all royalty payments made pursuant to the PDGF Agreement shall be made directly to ZGI, or shall be delivered by NN to ZGI if the royalty payments are or were made to NN. NN hereby irrevocably and unconditionally waives any right to receive such royalty payments.
Right to Receive Royalties. Should any other products containing the Thymosin Beta 4 be sold in any country of the Territory by any other third parties and should the Sales of the Finished Product be affected by such competing products, the parties shall meet to discuss in good faith how best to proceed, ***. Additionally, Defiante shall ensure that any obligations of Sub-Licensees to pay royalties shall be the responsibility and obligation of Defiante and that Defiante shall assume the entire liability therefore consistent with the requirements hereunder.
Right to Receive Royalties. Should any other products containing the Thymosin Beta 4 be sold in any country of the Territory by any other third parties and should the Sales of the Finished Product be affected by such competing products, the parties shall meet to discuss in good faith how best to proceed, including a revision ***. Defiante acknowledges that regardless of whether *** or is subject to an adjustment *** that the obligation to pay royalties and fees as recited herein shall *** right of RegeneRx to receive royalties shall *** even, but not limited to, with respect ***. Additionally, Defiante shall ensure that any obligations of Sub-Licensees to pay royalties shall be the responsibility and obligation of Defiante and that Defiante shall assume the entire liability therefore consistent with the requirements hereunder.
Right to Receive Royalties. I understand that Sponsor will manage the intellectual property and be solely responsible for patenting and commercializing the intellectual property. Sponsor shall have the sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the intellectual property. I understand that I will not receive any financial benefit or other financial compensation from the University or Sponsor for the intellectual property, unless Sponsor agrees in writing to provide a financial benefit to me. I will make myself available to Sponsor’s patent attorneys as may be necessary for Sponsor to secure and maintain patents to the intellectual property in any and all countries and for vesting title thereto in Sponsor. At Sponsor’s written request, and at Sponsor’s expense, I will promptly provide Sponsor, or sign for Sponsor, any additional documents necessary. I understand that I will be named as an inventor on any patent application and resulting patent sought by the Sponsor for the intellectual property. I understand that my responsibilities to cooperate in the patenting process under this agreement may continue after completion of the course and possibly even after my graduation from the University.
Right to Receive Royalties. I understand that if I assign my intellectual property rights to the University, then The Penn State Research Foundation (PSRF) will manage the intellectual property under current University policy and will share resulting royalties, if any, with me in accordance with University policy as it applies to intellectual property created by University employees. PSRF shall be solely responsible for patenting and commercialization of the intellectual property, consistent with University policy, as may be amended from time to time, and shall have sole right and responsibility to determine the extent of United States and foreign patent prosecution, maintenance, enforcement and defense relating to the intellectual property. PSRF is under no obligation to use other than reasonable efforts currently in practice in the future marketing or licensing of the intellectual property.