Common use of Fee Sharing Clause in Contracts

Fee Sharing. WPHLI may, at its sole discretion, share initial fees “(expansion fees)” up to $500,000 paid to WPHLI by new licensees of the WPHL system. A then-current licensee, for this purpose, is defined as a licensee whose team has completed at least one full season, playing a minimum of sixty-four (64) WPHL games. Teams not playing at least one full season will not, at any time, be eligible to share in expansion fees. Fee sharing monies would be credited against current amounts owed or future amounts owed to the WPHL. No cash would be disbursed at any time.