PREPAID ROYALTIES
PREPAID ROYALTIES. Means the portion of the lump sum payment from ADIC to Crossroads that is allocated to an up-front royalty paid by ADIC to Crossroads in exchange for the license rights in the `972 Patent granted by Crossroads to ADIC under this Agreement. Pre-Paid Royalties shall be equal to ten million dollars ($10,000,000).
All Definitions
Found in
CROSSROADS SYSTEMS INC contract