Royalties and Required Minimum Net Sales
Royalties and Required Minimum Net Sales Sample Clauses
Related to Royalties and Required Minimum Net Sales
Net Sales The term “
Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.
