Royalties – General Clause Samples
Royalties – General. The following provisions shall apply to all royalties due under any provision of Section 4:
Royalties – General. 5.8.1 Product royalties shall be based only on the highest tier achieved (Labeled Products, Dose Ranging Products or Enhanced Label Products); royalty tiers are not additive.
Royalties – General. The Licensor shall receive a continuing royalty for a license to Exploit the K‑Fuel Technology in respect of Investors Commercial Projects, other than K‑Fuel Products produced by any Investors India Site Project and sold for consumption without India, equal to the lesser of (i) a royalty rate of five percent (5%) of the Net Revenue of such K‑Fuel Products, and (ii) the lowest royalty rate charged by the Company to Comparable Licensees for such K‑Fuel Products, payable on substantially the same terms as applicable to such Comparable Licensee, provided that a Carried Interest and other valuable consideration paid to or received by the Company shall be considered in the calculation of the royalties being charged by the Company to Comparable Licensees, with the Company’s reasonable determination thereof being binding on all parties.