Minimum Royalty

Example Definitions of "Minimum Royalty"
Minimum Royalty. Shall mean (a) in the First Contract Year there shall be _____ Minimum Royalty; (b) in the Second Contract Year a Royalty of at least __________________________________ French Francs; (c) in... the Third Contract Year a Royalty of at least __________________________________ French Francs; 4 (d) in the Fourth Contract Year a Royalty of at least _____ French Francs; (e) in the Fifth Contract Year a Royalty of at least ________ French Francs; and (f) in the Sixth Contract Year and every subsequent Contract Year of the Term means the higher of (i) _______ francs; and (ii) such other amount as the Grantor and the Licensee, negotiating in good faith shall agreed during the Fifth Contract Year. View More Arrow
Found in Inter Parfums, Inc. contract
Minimum Royalty. Is defined in the Preamble above.
Found in Sana Biotechnology, Inc. contract
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