Examples of License Fee in a sentence
In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee.
All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee.
The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement.
The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.
In consideration for Licensee’s payment of the License Fee, the Producer hereby grants Licensee a limited non-exclusive, nontransferable license and the right to incorporate, include and/or use the Beat in the preparation of one (1) new song or to incorporate the Beat into a new piece of instrumental music created by the Licensee.