Common use of Accounting and Payment Clause in Contracts

Accounting and Payment. Licensee shall keep books and records showing its Gross Receipts, Net Profits, Angel Bonus calculations, and Angel Bonus Pool contributions. Licensee will pay Licensor Licensor’s Compensation as per sections 3.1.1 and 3.

Appears in 2 contracts

Sources: Video on Demand and Subscription Video on Demand License Agreement (Chosen, LLC), Video on Demand License Agreement (Chosen, LLC)

Accounting and Payment. Licensee shall keep proper books and records showing its Gross VOD Receipts, Net VOD Profits, Gross Physical Media Receipts, Net Physical Media Profits, Gross Other Physical Goods Receipts, Net Other Physical Goods Profits, Angel Bonus calculations, and Angel Bonus Pool contributions. Licensee will pay Licensor Licensor’s Compensation as per sections 3.1.1 3.1.1, 3.1.2, 3.1.3, and 3.

Appears in 1 contract

Sources: Exclusive Video on Demand and Subscription Video on Demand License Agreement (Angel Studios, Inc.)