Patent Royalty Amounts. As consideration for the grant of exclusive rights to the Licensed Patent, LICENSEE will pay to BRUK twenty–five (25) percent of the gross revenues derived from the use, offer for sale, sell, lease, rent and export of Licensed Products and Related Services (the “Patent Royalty”).
Appears in 2 contracts
Sources: Patent License and Royalty Agreement, Patent License and Royalty Agreement (Kunekt Corp)