Common use of Initial Licensing Fee Clause in Contracts

Initial Licensing Fee. As consideration for the rights conveyed by INNOVATIVE to THERAPEUTICS under this Agreement, THERAPEUTICS shall pay to INNOVATIVE a licensing fee of TWENTY-FIVE THOUSAND Dollars ($25,000.00) (the "Initial Licensing Fee") on or before October 15, 2003.

Appears in 2 contracts

Sources: Development and Licensing Agreement (Pure Bioscience), Development and Licensing Agreement (Pure Bioscience)