Royalties Generally Clause Samples
The 'Royalties Generally' clause defines the overall framework for how royalties are calculated, paid, and managed under an agreement. It typically outlines the types of revenue or products subject to royalties, the applicable rates, and the timing and method of payments. For example, it may specify that royalties are due on net sales of a licensed product and detail how deductions or adjustments are handled. This clause serves to ensure both parties have a clear understanding of their financial obligations and entitlements, reducing the risk of disputes over royalty payments.
Royalties Generally. Until the later to occur of the later of the following, on a jurisdiction-by-jurisdiction basis: (i) [*]and (ii) [*] after the first commercial sale of the Product, Agile will pay Corium a royalty on Net Sales at a rate to be established by mutual written agreement ([*]) with respect to all Products that are not manufactured by Corium under this Agreement provided that Corium Intellectual Property is embodied in the Product or utilized in its manufacture. For the avoidance of doubt, the parties acknowledge that sales of Product units manufactured by Corium under this Agreement do not accrue Gross Sales, and accordingly, no royalties shall be payable by Agile on account of such units.
Royalties Generally. Novartis or its Affiliate will make royalty payments to Intellia [***] on a Product by Product basis at the following marginal royalty rates (“Royalties”): [***] [***] [***] [***] [***] [***] CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
Royalties Generally. In the event that Licensee reasonably determines that, in order to Develop, Manufacture, or Commercialize a Licensed Product and avoid infringement of any Patent not licensed hereunder, it is necessary, or otherwise the JPC deems it to be advisable, to obtain a license from a Third Party and to pay a royalty or other payments under such Patent, then subject to Section 8.7(c)(iii), Licensee shall be entitled to a credit against the royalty payments due to Company under this Agreement of an amount equal to [ * ] of the royalty or other payments paid to such Third Party. The Parties agree that [ * ]; provided, however, that [ * ]. For clarity, (A) any license from a New Affiliate of Company under any Patent excluded pursuant to Section 2.11 shall be considered a license from a Third Party for purposes of this Section 8.7(c)(ii), and (B) a license agreement to which Licensee or any of its Affiliates is a party as of the Execution Date, in the form such agreement exists as of the Execution Date, will not be considered a third party agreement subject to provision of this Section 8.7(c)(ii)(1).
Royalties Generally. In the event that Licensee reasonably determines that, in order to Develop, Manufacture, or Commercialize a Licensed Product and avoid infringement of any Patent not licensed hereunder, it is necessary, or otherwise the JPC deems it to be advisable, to obtain a license from a Third Party and to pay a royalty or other payments under such Patent, then subject to Section 8.7(c)(iii), Licensee shall be entitled to a credit against the royalty payments due to Company under this Agreement of an amount equal to *** of the royalty or other payments paid to such Third Party. The Parties agree that ***; provided, however, that ***. For clarity, (A) any license from a New Affiliate of Company under any Patent excluded pursuant to Section 2.11 shall be considered a license from a Third Party for purposes of this Section 8.7(c)(ii), and (B) a license agreement to which Licensee or any of its Affiliates is a party as of the Execution Date, in the form such agreement exists as of CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH THREE ASTERISKS (***), HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. the Execution Date, will not be considered a third party agreement subject to provision of this Section 8.7(c)(ii)(1).
Royalties Generally. MEW agrees to pay to Licensor a royalty ("Royalty Fee") equal to one percent (1%) of Net Selling Price of all Products sold by MEW or its sublicensees, in countries where the Patents or any of them are registered and issued, during the term of this Agreement; subject, however, to the exceptions set forth below.
Royalties Generally. Subject to the terms and conditions set forth below and the provisions of Sections 2.3 and 5.3, if applicable, in the event either DSP or National grants a license to the Licensed Technology to a DSP Sublicensee or a National Sublicensee, respectively, the licensing Party shall pay to the other Party Royalties for each licensed CompactRISC Core as described below in accordance with the payment provisions set forth in Section 16.0. In the event that the licensing Party grants a license to the Licensed Technology containing two or more CompactRISC Cores under one license agreement, the licensing Party shall be required to pay to the other Party separate Royalties for each licensed CompactRISC Core. For each licensed CompactRISC Core, the Royalty shall be equal to [*] the amounts calculated under subparagraphs A, B and C below:
A. the applicable percentage of the actual royalty payable to the licensing Party pursuant to such license for the applicable licensed CompactRISC Core specified in Exhibit F;
B. the [*] of the applicable [*] royalty for the applicable licensed CompactRISC Core specified in Exhibit F:
i. based upon the applicable [*] for the cumulative volume of Compliant Products Sold containing the applicable licensed CompactRISC Core, multiplied by the number of Compliant Cores within Compliant Products Sold during the subject fiscal quarter; or
ii. based upon the applicable [*] Dollar Cap per Compliant Core for the cumulative volume of Compliant Products Sold containing the applicable licensed CompactRISC Core, multiplied by the number of Compliant Cores for the applicable licensed CompactRISC Core within Compliant Products Sold during the subject fiscal quarter; [*]
C. the applicable [*] royalty for the applicable licensed CompactRISC Core specified in Exhibit F based upon the applicable [*] Dollar Amount per Compliant Core for the cumulative volume of Compliant Products Sold containing the applicable licensed CompactRISC Core, multiplied by the number of Compliant Cores within Compliant Products Sold during the subject fiscal quarter. ------------------- [*] Omitted pursuant to a confidential treatment request. The material has been filed separately with the Securities and Exchange Commission. Royalty payments shall be made quarterly, within forty-five (45) days of the end of the licensing Party's fiscal quarter, and shall be paid with respect to Compliant Products Sold in the immediately preceding fiscal quarter.
Royalties Generally. Nothing herein contained shall obligate Licensee to pay or cause to be paid to Licensor more than one royalty on any unit of a Licensed Product.
Royalties Generally. Novartis or its Affiliate will make royalty payments to Intellia [***] on a Product by Product basis at the following marginal royalty rates (“Royalties”): [***] Marginal Royalty Rate [***] [***] [***] [***] [***] [***]
Royalties Generally. Nothing herein contained shall obligate Company or its Sublicensees to pay or cause to be paid to MRKDG more than one royalty on any unit of a Product.
Royalties Generally. In consideration of the licenses granted by Regeneron to Sanofi pursuant to Article 2 of this Agreement, Sanofi shall pay to Regeneron a five percent (5%) royalty on Net Sales of the Praluent Royalty Products in the Sanofi Territory, paid on a Calendar Quarter basis. Any payments made under this Agreement are exclusive of VAT, GST, sales and use tax, or similar tax, which shall be added thereon as applicable.