Running Royalties. Throughout the term of this Agreement the Running Royalty shall be 5% of Net Sales of Royalty Bearing Products. Nonni's shall remit such Running Royalties to MFB on the last day of the month following the end of each calendar quarter covered by the Agreement. All Running Royalties shall be non-refundable for any reason whatsoever.
Appears in 4 contracts
Sources: Trademark License Agreement, Trademark License Agreement (MRS Fields Original Cookies Inc), Trademark License Agreement (MRS Fields Holding Co Inc)