Common use of Royalty Basis Clause in Contracts

Royalty Basis. LICENSEE agrees to pay, as hereinafter provided, royalties to LICENSOR: (a) in respect of each Licensed Product made or sold by or for LICENSEE; (b) in respect of each Intermediate Product sold by Licensee to a Manufacturer or with respect to which a Manufacturer has been granted a sublicense as provided in paragraph 1(f) of Article IV. (c) in respect of Licensed Services performed by or for Licensee."

Royalty Basis. LICENSEE agrees to pay, as hereinafter provided, royalties to LICENSOR: (a) in respect of each Licensed Product made or sold by or for LICENSEE; (b) in respect of each Intermediate Product sold by Licensee LICENSEE to a Manufacturer or with respect to which a Manufacturer has been granted a sublicense as provided in paragraph 1(f) 2 of Article IV. (c) in respect of Licensed Services performed by or for LicenseeLICENSEE."