Minimum Royalties. The minimum annual royalties to be paid by Licensee hereunder, commencing with the granting of a license to Produce from Grantor to Licensee will be $20,000.00. The minimum annual royalties to be paid hereunder are non-accumulative.
Appears in 8 contracts
Sources: License Agreement (Texas Scientific Inc), License Agreement (Texmont Inc), License Agreement (Sibun River Group Inc)
Minimum Royalties. The minimum annual royalties to be paid by Licensee hereunder, commencing with the granting of a license License to Produce from Grantor to Licensee will be $20,000.00. The minimum annual royalties to be paid hereunder are non-accumulative.
Appears in 2 contracts
Sources: License Agreement (Iowa Industrial Technologies Inc), License Agreement (New Hampshire Industrials Inc)