Common use of Royalty Statements Clause in Contracts

Royalty Statements. Each royalty payment shall be accompanied by a statement from ▇▇▇▇▇▇ showing ▇▇▇▇▇▇ Net Sales for the Product in the International Territory, by country. The royalty shall be computed in United States Dollars pursuant to ▇▇▇▇▇▇'▇ standard internal accounting practices and policies.

Appears in 4 contracts

Sources: Sales, Distribution, and Development Agreement, Sales, Distribution, and Development Agreement (Abbott Laboratories), Sales Contracts (Abbott Laboratories)