Common use of Determination of Payment Amounts Clause in Contracts

Determination of Payment Amounts. Each party acknowledges that the amounts payable hereunder (i) have been determined as a matter of convenience to both parties and are not associated with the value of using any particular Licensed Patent; and (ii) shall neither increase nor decrease because of an increase or decrease in the number of Licensed Patents covering the Licensed Products.

Appears in 2 contracts

Sources: Wireless Network Patent License Agreement (Telkonet Inc), Wireless Network Patent License Agreement (Telkonet Inc)