Common use of Net Revenue Clause in Contracts

Net Revenue. Net revenue income is defined as gross income from licensing minus direct costs. For this purpose, direct costs may include: 5.3.1 All costs associated with obtaining legal protection for the Intellectual Property; 5.3.2 All costs from the marketing and licensing of the Intellectual Property; 5.3.3 All legal costs associated with the above or in connection with, or in anticipation of, litigation or controversy between any parties involving rights under such Intellectual Property; Direct costs shall not include operating costs of CWU’s sponsored research office.