Running Royalties. Subject to the terms and conditions of this Agreement, Licensee shall pay to Licensor a Running Royalty equal to two percent (2%) of Net Sales in the Field of Use in the Territory. Running royalties shall by payable for each Reporting Period and shall be due to Licensor within sixty (60) days of the end of each Reporting Period.
Appears in 3 contracts
Samples: Patent License Agreement (AIkido Pharma Inc.), Patent License Agreement (AIkido Pharma Inc.), Patent License Agreement (Silo Pharma, Inc.)
Running Royalties. Subject to During the terms and conditions of this Agreementapplicable Royalty Term, Licensee shall pay to Licensor a Running Royalty equal to two running royalty of five percent (25%) of Net Sales in the Field of Use in the Territoryby Licensee and its Affiliates. Running royalties shall by be payable for each Reporting Period and shall be due to Licensor within sixty thirty (6030) days of the end of each Reporting Period.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (SciSparc Ltd.), Exclusive Patent License Agreement (Polyrizon Ltd.)
