Saettler's Ton-O-Info

Contract Example

Monolith shall pay Developer a royalty calculated as a percentage of Net Receipts for each category of Product usage as set forth in the table in Exhibit C including sublicenses to further third parties in accordance with Section 3.1 of this Agreement. Monolith may recoup against Developer royalties one hundred percent (100%) of advances paid under Section 5, before Monolith shall be required to remit any royalty payments to Developer. For each calendar quarter, Monolith shall provide a statement...