Common use of Royalties and Fees Clause in Contracts

Royalties and Fees. 2.1 Millennium hereby acknowledges that full ownership title to the Products belongs to Abacus. 2.2 Millennium agrees to pay Abacus royalties (herein referred to as "Royalties") and fee payments ("Fees") based on Net Sales Revenues earned by Millennium from sale of the Products on the following basis. 2.2.1. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Software. 2.2.2. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Easy Learning Guides. 2.2.3. A 5% Fee based on Net Sales Revenues of Products for the provision of technical support for all Products supplied by Abacus. Net Sales Revenues for the purposed of calculating and determining Royalties and Fees for the duration of this license will be sales revenues received by Millennium from the sale of Products, before distributor discounts, less full provision for credits provided for returned Products and provision for bad debts which remain unrecovered after 12 months.

Royalties and Fees. 2.1 Millennium hereby acknowledges that full ownership title to the Products belongs to Abacus. 2.2 Millennium agrees to pay Abacus royalties (herein referred to as "'Royalties"') and fee payments ("'Fees"') based on Net Sales Revenues earned by Millennium from sale of the Products on the following basis.: 2.2.1. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Software. 2.2.2. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Easy Learning Guides. 2.2.3. A 5% Fee based on Net Sales Revenues of Products for the provision of technical support for all Products supplied by Abacus. Net Sales Revenues for the purposed of calculating and determining Royalties and Fees for the duration of this license will be sales revenues received by Millennium from the sale of Products, before distributor discounts, less full provision for credits provided for returned Products and provision for bad debts which remain unrecovered after 12 months.

Royalties and Fees. 2.1 Millennium hereby acknowledges that full ownership title to the Products belongs to Abacus. 2.2 Millennium agrees to pay Abacus royalties (herein referred to as "'Royalties"') and fee payments ("'Fees"') based on Net Sales Revenues earned by Millennium from sale of the Products on the following basis.: 84 2.2.1. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Software. 2.2.2. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Easy Learning Guides. 2.2.3. A 5% Fee based on Net Sales Revenues of Products for the provision of technical support for all Products supplied by Abacus. Net Sales Revenues for the purposed of calculating and determining Royalties and Fees for the duration of this license will be sales revenues received by Millennium from the sale of Products, before distributor discounts, less full provision for credits provided for returned Products and provision for bad debts which remain unrecovered after 12 months.

Royalties and Fees. 2.1 Millennium hereby acknowledges that full ownership title to the Products belongs to Abacus. 2.2 Millennium agrees to pay Abacus royalties (herein referred to as "Royalties") and fee payments ("Fees") based on Net Sales Revenues earned by Millennium from sale of the Products on the following basis.: 2.2.1. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Software. 2.2.2. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Easy Learning Guides. 2.2.3. A 5% Fee based on Net Sales Revenues of Products for the provision of technical support for all Products supplied by Abacus. Net Sales Revenues for the purposed of calculating and determining Royalties and Fees for the duration of this license will be sales revenues received by Millennium from the sale of Products, before distributor discounts, less full provision for credits provided for returned Products and provision for bad debts which remain unrecovered after 12 months.

Royalties and Fees. 2.1 Millennium hereby acknowledges that full ownership title to the Products belongs to Abacus. 2.2 Millennium agrees to pay Abacus royalties (herein referred to as "Royalties") and fee payments ("Fees") based on Net Sales Revenues earned by Millennium from sale of the Products on the following basis.: 2.2.1. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Software. 2.2.2. A 10% Royalty of the Net Sales Revenues of CheckMy 2000 Easy Learning Guides. 2.2.3. A 5% Fee based on Net Sales Revenues of Products for the provision of technical support for all Products supplied by Abacus. Net Sales Revenues for the purposed of calculating and determining Royalties and Fees for the duration of this license will be sales revenues received by Millennium from the sale of Products, before distributor discounts, less full provision for credits provided for returned Products and provision for bad debts which remain unrecovered after 12 months.